M’sia among those to win big from high commodity prices: Moody’s

[superadmin]

KUALA LUMPUR – Malaysia will be among the economies that will win big from the high commodity prices and will pay less of a price on the inflation side as it exports several times its domestic production, according to a Moody’s Analytics report.

It highlighted that Malaysia, Colombia, Indonesia, and Saudi Arabia were among the few economies that would benefit from the high commodity prices.

“For Colombia and Saudi Arabia, this is crude oil. For Indonesia and Malaysia, this is palm oil, the price of which has surged following severe global shortages of Russia- and Ukraine-produced sunflower oil,” senior economist Jesse Rogers said in an analysis titled “Emerging Market View: The Growth Recession”.

He said across the rest of the emerging world, inflation is pushing higher, and central banks are not going to give up until it is tamed.


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