RHB Research raises Malaysia's export growth forecast to 6% this year

Exports declined 5.8% year-on-year to RM57.27bil while November’s export numbers were revised to a growth of 2.3% from 3.3%. — Bernama

KUALA LUMPUR: RHB Research Institute has revised upward Malaysia’s export growth forecast to 6% this year from an earlier expectation of 2%.

In a research note yesterday, it said the more bullish forecast is on account of the recovery in demand for commodity products, aided by higher prices and pick-up in global semi-conductor sales in late-2016, translating into higher electrical and electronics (E & E) exports.