Malaysia’s export growth is expected to pick up going forward after recording a trade deficit of RM3.5 billion in April 2020. — AFP pic
The trade deficit in April ended a streak of 269 consecutive months of surplus, with the last recorded trade deficit recorded by the country was in October 1997 amounting to RM151.3 million. “The poor showing of exports ) and imports, which decreased by 8.0 per cent to RM68.42 billion, is expected as most countries around the world were under some form of lockdown to contain the spread of the pandemic.
Looking ahead, Ambank Research said there are signs that exports will improve partly due to the government having allowed more industries to resume operations with some operating capacity at full capacity since May 4, 2020.
I agreed , the good economy fundamental, and being a trading nation like Malaysia, we will move forward steadily. Further stimulants for domestic demand and consumption will hasten the recovery of the temporary economic downtown due to COVID 19. Rubber-based product to revive.
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