KUALA LUMPUR, Feb 10 — Maybank Investment Bank Research expects Malaysia’s export and import growth in 2014 to improve to 5.9 per cent and eight per cent, respectively.
In a note today, the research house attributed the growth to the minimal adverse effects on the real economy from the US Federal Reserve’s (Fed) quantitative easing tapering, as well as upward momentum expected from the global economic and trade expansion.
Malaysia’s export rose 2.4 per cent last year while import increased seven per cent.
“The International Monetary Funds’ slight upward revision of global growth for 2014 to 3.7 per cent from 3.6 per cent earlier, while maintaining 3.9 per cent growth for 2015, is a clear indication of the better global growth outlook,” Maybank IB Research said.
Global trade volume of goods and services is also expected to expand 4.5 per cent in 2014, up from 2.7 per cent in 2013, it added.
“Despite the reasonably rosy outlook, downside risks to disrupt the upward momentum remain. These include financial market and capital flow volatility brought about by Fed’s quantitative easing tapering, and fragile growth in certain emerging economies,” it added. — Bernama
Source From: TheMalayMailOnline