Consumer-led growth to spur Malaysia’s exports

Donovan: ‘We’re starting to see China’s economic impact spreading out.’

KUALA LUMPUR: A focus on consumer-driven goods will help drive Malaysia’s exports, given the improving sentiments in the United States and expected rise in private consumption over the medium to long term in China.

China recently released first-quarter gross domestic product (GDP) data that showed the economy slowing to a 7% year-on-year growth. Economists believe that the ongoing retructuring of the economy would see more dependence on private consumption and less reliance on investments.