PETALING JAYA: Rising vaccination rates, gradual lockdown easing measures and a global economic rebound are expected to spur Malaysian exports for the remainder of 2021.
Centre for Market Education chief executive officer and Institute for Democracy and Economic Affairs (Ideas) senior fellow Carmelo Ferlito, (pic below) said the outlook for exports and international trade remained positive for the next two quarters.
Carmelo Ferlito.
“However, while the manufacturing sector is allowed to operate, it more easily finds its way to external markets rather than internally, where domestic demand is expected to remain weak.
“Production is not enough to revive the economy. If you produce, but the retail sector is closed and consumers are not allowed to spend, then your production needs to move somewhere else,” he told StarBiz.