M’sia to remain resilient amid global uncertainties

Abdul Rasheed Ghaffour said the global economy will remain challenging and would be a major headwind for Malaysia in the near term.

A SMALL and open economy like Malaysia is highly sensitive to global macroeconomic challenges.

With its trade valued at 141% of national gross domestic product (GDP), Malaysia relies heavily on external demand, especially from its top trading partners such as China, the United States and Singapore.