KUALA LUMPUR, Aug 21 (NNN-BERNAMA) – A research house has revised up Malaysia’s full year exports growth forecast to 7.6 percent, after the country achieved stronger-than-expected trade performance in July.
UOB Global Economics & Markets Research, said in a note that, year to date, Malaysia’s export growth averaged 5.1 percent, in the first seven months, and has surpassed its full-year export growth projection of 3.5 percent.
According to the research house, the revision also took into consideration the ongoing recovery in electrical and electronic exports, along with global tech upcycle, resilient demand for commodity-based products (i.e. palm oil), as well as, continuation of favourable base effects.– NNN-BERNAMA
