Malaysia is in a relatively good position amid an increasingly challenging economic outlook with heightened trade tensions and a higher capital outflow back to the US, said the World Bank Group’s lead economist for macroeconomics, trade and investment, Richard Record. It is in a good condition as Malaysia is diversified across markets and products in terms of manufacturers, non-manufacturers, commodities and non-commodities. While there is a trade war going on between the US and China, the world’s two largest economies, there is concerns that the trade war might spread over to a slowdown the global investment and demand. But Malaysia could be in profit from the diversion of trade and investment from the mounting tension. Considering Malaysia, it has some benefits compared to others as it is situated in a good location, the skill sets in the country as well as its natural resources that help expand the economy.
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