Preparing for Challenging Times Ahead

By Lim Kim-Hwa, Tim Niklas Schoepp

January 2016 PENANG ECONOMIC INDICATOR
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With the Malaysian economy badly affected by external factors, some planning should help to cushion the blow.The external macro environment for 2016 remains challenging for Malaysia. Being a small and open economy, Malaysia – and Penang along with it – is highly dependent on the health of the global economy. Key risks in 2016 include the prolonged slump in oil price, the effects of El Nino, the full impact of the GST implementation, ringgit vulnerability due to US interest rate...

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Lim Kim-Hwa

is Chief Executive Officer of Penang Institute

Tim Niklas Schoepp

is a visiting analyst in Economics at Penang Institute.

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