China's new lockdowns may hit Malaysia's GDP growth, warns Moody's

Kuala Lumpur

WHILE the market sentiment in Malaysia has stayed upbeat as international borders have reopened, Moody's Investors Service has warned that the pace of economic expansion this year could be affected by the new Covid-19 lockdowns in China.

Nishad Majmudar, Moody's assistant vice-resident and analyst, said at a roundtable on Wednesday (Apr 6) that China's lockdown will affect the global supply chain, which in turn could hurt Malaysia's manufacturing sector and economic growth.