Malaysian economy to thrive in H2 on rising external demand, robust domestic spending: analysts
Wild cards include the US election, potential Trump presidency outcomes, prolonged high US interest rates and heightened geopolitical tensions
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[KUALA LUMPUR] Malaysia’s economy is expected to grow steadily, fuelled by strong exports, manufacturing, tourism and resilient domestic spending backed by a stable job market, said analysts.
Economists believe Malaysia’s trade performance will be boosted by rising external demand, resilient growth prospects in major economies, higher commodity prices and a reacceleration in the global technology cycle.
In January to June, Malaysia’s year-on-year exports rose 3.9 per cent, imports gained 13.8 per cent and total trade was up 8.4 per cent.
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