Tommy Xie, Head of Greater China Research and Strategy, OCBC will shares with you the market sentiment on how the China and US economic will impact Malaysia and as a SME what should you plan ahead.
1. With market expectations evolving towards higher terminal interest rates in most major economies, there is a growing risk of a significant slowdown in the global economy. This evolving market expectation presents challenges to economies worldwide, with emerging markets particularly susceptible to capital outflows and foreign exchange pressures.
2. In China, the post-Covid economic recovery appears to be losing momentum. The central bank's recent interest rate cuts in June have led to further depreciation of the RMB, causing increased market volatility.
3. Meanwhile, the Malaysian ringgit has been under pressure due to concerns about a global slowdown and the currency's strong correlation with the RMB. However, despite external pressures, Malaysia's growth momentum is expected to continue into 2024.
What You Will Learned?
1. Keep an eye on the latest global trends
2. Anticipate the implications for foreign exchange rate markets
3. Keep update of the latest forecasts for key currencies such as USD, CNY and MYR.
4. Understanding the potential risks and opportunities amid rising geopolitical tensions as China navigates the delicate transition.
