KUALA LUMPUR: Malaysia’s stronger ringgit is helping to ease the impact of rising global import prices, although the country’s import cover has declined, compared with pre-COVID 19 pandemic levels, said the World Bank's lead economist for Malaysia, Dr Apurva Sanghi.
In a post on his X account (@ApurvaSanghi), he compared the country's economy preparedness to weather the current Middle East war shock against the eve of COVID-19 shocks. Malaysia reported its first COVID-19 positive case on Jan 25, 2020.
