Can Malaysia avert a recession?

To the rescue: A worker walks near containers at North Butterworth Container Terminal in Penang. The reopening of China’s borders – Malaysia’s largest trading partner – will help to partially offset the slowdown in Malaysia’s external demand.

MALAYSIAN economy enjoys a very strong correlation with the world, being the 24th largest exporting nation.

Socio-Economic Research Centre estimates the correlation at 0.84 between 2011 and 2021, based on a scale of minus 1 to 1 whereby 1 represents the strongest economic relationship.