External trade seen expanding at steady pace

Slower exports: According to MIDF Research, the projected moderating pace of exports is mainly due to the unfavourable base effect and is in line with the anticipated slight slowdown in overall business performance.

PETALING JAYA: MIDF Research expects Malaysia’s external trade performance to expand at a steady pace for the rest of the year, on the back of a gradual rise in commodity prices.

Exports-wise, the research house is anticipating the country’s total exports to rise by an average of 9.3% in 2018, significantly lower than the 18.9% growth registered last year.