KUALA LUMPUR: RHB Research Institute Sdn Bhd expects Malaysia’s export growth to be sustained at 6.5%.
In an economic update today, the research house said exports grew at a robust 21.5% year-on-year (-y-o-y) in August, albeit slowing from 30.9% in the previous month. It said this was likely on the back of a waning low-base effect. “Given the strong performance in external activities year-to-date, we expect 2017 exports and imports to pick up to 15.2% and 18.6% from 1.1% and 1.9% in 2016 respectively. “For 2018, we expect export growth to be sustained at 6.5%, albeit slower after a surge in the previous year,” it said.
