Cushioned from global impact

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The story "Cushioned from global impact" has 1134 words across 37 sentences, which will take approximately 5 - 10 minutes for the average person to read.

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The story "Cushioned from global impact" was covered 3 months ago by The Star, a news publisher based in Malaysia.

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The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news. The outlet is headquartered in Malaysia and publishes an average of 41 news stories per day. It's most recent story was published 47 minutes ago.

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The Star 3 mo ago

Quick Summary:

PETALING JAYA: The Malaysian economy has the necessary buffers to withstand downside risks amid a challenging business environment exacerbated by the looming global recession next year, say economists.

He said Malaysia could not avoid the ripple effects from the slower global economic growth, particularly the slowdown in consumer electronic demands which would impact the semiconductor sector.

The World Bank has estimated that a one percentage point decline in the growth of the Group of Seven countries, excluding Japan, could result in Malaysia’s gross domestic product (GDP) growth falling by a similar quantum while a one percentage point fall in China’s growth would see a corresponding 0.7 percentage point drop in the country’s GDP growth.