SERC has positive outlook on exports this year

The think-tank projects exports to grow by 4% in 2024.

PETALING JAYA: The Socio-Economic Research Centre (SERC) expects a positive outlook for Malaysian exports this year, mainly driven by a recovery in the demand for electrical and electronics products as well as firming commodity and crude oil prices.

After shrinking by 8% in 2023, the think-tank projected exports to grow by 4% in 2024. This is, however, one percentage point lower than Bank Negara’s forecast of 5%.