KUALA LUMPUR (BERNAMA) – Malaysia’s strong export performance in July denotes that the country is benefitting from the global trade diversion, according to Malaysia Rating Corp Bhd (MARC).
Chief economist Ray Choy said the ongoing trade dispute has a major impact on overall export performance.
“China’s Purchasing Managers’ Index (PMI) has decelerated faster than the rest of the world but Malaysia’s PMI deceleration is less pronounced compared to the overall worldwide.
“We see that Malaysia’s export performance is not being hit too much. This proves that we are benefitting from the global trade diversion and this could be the baseline scenario going forward,” he said during the Economic and Market Outlook: Opportunities Amid Stronger Growth and Monetary Easing forum yesterday.
