Weak ringgit has lent some help to exports

Had the ringgit been stronger, the consistent downtrend in exports would have been worse, economist Geoffrey Williams said.

PETALING JAYA: Having lost 12% of its value against the US dollar since February, the weaker ringgit may have helped to avert a worse contraction in Malaysian exports this year.

However, the benefits of a soft ringgit are arguably limited as the country’s exports continued to shrink for seven consecutive months amid the global demand slowdown.