Going gets tough for Malaysia ahead of 2023

Combating inflation: People buying daily necessities at a wet market. The country’s headline inflation rose by 4.7% and food prices skyrocketed to a new record-high of 7.2% last month.

MALAYSIA has a lot on its plate to deal with, but to be fair, many of the issues plaguing the country are not entirely under its control.

Being an open economy, Malaysia faces the impact of global supply disruptions and the interest rate hikes worldwide, particularly the United States.

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global , overnight policy rate , OPR , recession


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