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Malaysia's March exports highest in nearly four years, elevated expansion seen in coming months msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Malaysia's labour market expected to improve in the next few months — economists theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Apr 6, 2021 14:51 GMTFXStreet News Senior Economist at UOB Group Julia Goh and Economist Loke Siew Ting evaluate the recent BNM growth projections. Key Quotes “Bank Negara Malaysia (BNM) projects the economy to rebound by 6.0% – 7.5% in 2021 (2020: -5.6%). Despite a slight downward adjustment from previous official forecasts of 6.5% – 7.5%, this remains an optimistic outlook and above our GDP forecasts of 5.0% for 2021. Positive growth will only be seen from 2Q21 given the tightening of containment measures earlier this year.” “Key drivers of growth include external and domestic factors that will lift all economic sectors as the effects of the pandemic gradually recedes and the economy normalizes amid ongoing rollout of vaccines. Potential upside catalysts include stronger global growth, release of pent-up demand amid excess savings, ongoing targeted policy support, and effects of digitalisation to unlock higher demand. Downside risks include escalation i ....
Nevertheless, the actual risk of exclusion is low, they add. “It is unlikely that Malaysia will be removed from FTSE Russell’s WGBI given the positive discussions between FTSE Russell and the regulatory authorities, along with the ongoing effort by Bank Negara Malaysia to provide better market access for foreign investors,” senior economist Wong Khai Jhek of RAM Rating Services Bhd tells The Edge. “That said, should FTSE Russell decide that more time is needed to assess the efficacies of some of the more recent liberalisation initiatives, there is still a possibility that it might decide to keep Malaysia on its watch list, albeit the probability is certainly lower than before,” he adds. ....