Economists see further fall in Malaysia’s exports

PETALING JAYA: Malaysia’s exports continued to contract year-on-year in May as the bottoming-out process worked its way through the global economy.

A Bloomberg poll of 12 economists saw exports contracting 28.2% year-on-year in May (April: minus 26.3%), imports falling 23.2% (April: minus 22.4%) and the trade balance rising to RM8.8bil (April: RM7.4bil).