How did we survive the dollar swing?

Wong Chin Yoong

The writer says if Malaysia wants to survive the next bigger dollar swing, addressing financial market imperfections that prevent floaters from enjoying full insulation tops the to-do list. – The Malaysian Insight file pic, April 27, 2023.

MACROECONOMIC instability is now largely in the rear-view mirror. Growth has been returning and inflation is easing.

When soaring crude oil and food prices, interest rate hikes and dollar appreciation hit the globe last year – each capable of striking a crisis in the past – few would have expected the world to ride the rollercoaster so safely.

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