According to economists, with recession risks looming in developed economies such as the United States and European Union, and China’s economy moderating, global demand for goods and services is expected to decline in 2023, and this could weigh on Malaysia’s export growth.
PETALING JAYA: Malaysia’s trade performance is expected to slow down in the year ahead amid rising headwinds in the global economy.
According to economists, with recession risks looming in developed economies such as the United States and European Union (EU), and China’s economy moderating, global demand for goods and services is expected to decline in 2023, and this could weigh on Malaysia’s export growth.
