KUALA LUMPUR: Malaysia is expected to record an export growth of 1.5% year-on-year (yoy) in 2020, underpinned by commodity-based sectors, according economists at several investment banks. "Looking ahead, we expect export growth to remain around 1.5 per cent for 2020, with possible upside revision if the pattern of recovery continues," he said in a note on Tuesday (Feb 4). Malaysia's total trade recorded positive growth in December 2019 at 1.9% yoy, ending a six-month contraction streak as both export and import grew. For the full year of 2019, total trade fell by 2.5% yoy, while export declined by 1.7% yoy. "For 2020, we forecast export growth to recover slightly by 1.5 per cent yoy," MIDF Research said in its Economic Review.

Source: The Edge Markets February 04, 2020 18:45 UTC