Fragile trade outlook seen despite recovery

Speaking to StarBiz, Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said he expected Malaysia’s exports to grow at an uneven pace in the second half of 2020, amid the still gradual recovery in global demand and the economic performance of major trading partners.

PETALING JAYA: As Covid-19 cases worldwide surpassed the 23 million-mark with over 800,000 deaths, global trade sentiment continues to be fragile despite the emergence of signs of recovery.

The World Trade Organisation (WTO) said that while several indicators pointed to partial upturn in world trade and output in the third quarter, the strength of such recovery remained highly uncertain.