UOB Global Economics & Markets Research said that next year’s prospects are subject to downside risks with uncertainty mainly emanating from the incoming Trump administration’s trade and tariff policies.
PETALING JAYA: Economists are generally cautious over Malaysia’s external trade for the remainder of 2024 as well as for next year, despite gross exports in October having bounced back into the positive with a marginal 1.6% year-on-year (y-o-y) growth.
Most research houses were quick to point out that the growth of exports in October had come in below Bloomberg’s consensus expectations of 2.5%, although it had been primarily supported by increased shipments of manufactured goods, particularly electrical and electronics, rubber products and processed food and agriculture goods.
