China slowdown: Global impact

Malaysian manufacturing sector to feel the heat

With a slowing economy, the World Bank forecasts Malaysia's gross domestic product to grow at 4.7 per cent this year, unchanged from 2018.
With a slowing economy, the World Bank forecasts Malaysia's gross domestic product to grow at 4.7 per cent this year, unchanged from 2018.PHOTO: NAZA GROUP

Malaysia's ongoing reliance on manufacturing as an anchor for its economy in the days of low commodity prices may end, with double headwinds this year challenging the manufacturing and commodity sectors.

Economists see countries like Malaysia feeling the impact of China's slowdown and a protracted US-China trade war, because of its position within the global manufacturing supply chain for the electronics industry.

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A version of this article appeared in the print edition of The Straits Times on January 29, 2019, with the headline 'Manufacturing sector to feel the heat'. Print Edition | Subscribe