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“The Malaysian economy is poised to perform well compared to other Asian nations as it is supported by strong private consumption growth, says Anthony Yau, Head of Asian Emerging Markets at State Street Global Advisors,” according to The Sun Daily.
The article also says that the country’s economic growth was favourable as compared to other Asian nation in terms of Gross Domestic Product (GDP) growth.
But this doesn’t mean that Malaysia’s economy wasn’t susceptible to external events such as the euro zone financial crisis. In fact, a continuous or sharp drop in palm oil prices, if it happens, will have a negative impact on the economy.
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