| Resumo: | During 2021, Malaysia continued to feel the effects of the global economic crisis caused by the spread of the SARS-CoV-2 pandemic, and the internal political crisis than began in February 2020. This provides a background to the core premise of our study, namely that Malaysia continued to experience a three-fold economic, health, and political crises. To support this view, we put forward three complimentary arguments: first, we establish a time frame to gauge the size of the recession caused by Covid-19 and we analyze the recent evolution of GDP, from the perspective of production and consumption. Second, we study Malaysia’s trade performance on the international scale, assessing the absolute and relative changes in its relations with the economies belonging to the three major economic integration projects in the Pacific region. And third, against the background of the dynamic of the SARSCoV-2 pandemic, we focus on the political crisis developing during 2021; we highlight the three changes of government in less than two years as a result of the conflict of interest between the political actors, on the one hand, and, on the other, the waiting period opened by the Ismail Sabri administration’ first 100 days in office.
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