The high inflation and interest rate environment in major economies, where much of the final demand comes from, appears to indicate overall softening ahead.
While China’s economic reopening is expected to provide some support to the global growth outlook and Malaysian exports, the high inflation and interest rate environment in major economies, where much of the final demand comes from, appears to indicate overall softening ahead, economists said.
“The Caixin China purchasing managers’ index was neutral at 50 in March, down from 51.6 in February, with the deterioration in the index for business conditions stemming from weaker global demand.
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