Malaysia exports to recover in 2020 at 2% growth rate, says SERC

Malaysia exports to recover in 2020 at 2% growth rate, says SERC

The Edge Markets - Malaysia·2020-01-14 14:19

KUALA LUMPUR (Jan 14): The Socio-Economic Research Centre (SERC) is expecting Malaysia's exports to recover gradually in 2020 with an estimated 2% growth, against a decline of 1.5% to 2% in 2019.

The improvement in exports will be underpinned by easing trade tensions, which will help to stabilise global trade; the deployment of 5G, which will be the factor propelling a moderate recovery in the semiconductor industry; and higher commodity prices like crude oil and palm oil prices.

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Trade Economy