Rebound in Global Trade and Malaysia’s Export Growth!

 

                                                                                                               Source: BNM Annual Report 2023

Current account surplus to improve?

Source: BNM Annual Report 2023

Six growth outlook remains subject to downside risks.

Source: BNM Annual Report 2023

Rebound in global trade and Malaysia’s export growth is primarily led by recovery in the technology and tourism sectors. A strong recovery in semiconductor sales is forecasted for 2024. Inbound tourism is expected to be 27.3 million persons. Higher commodity prices are another supporting factor. None of which are in our control. So, the recent “threat” of sanctions by the U.S. on our covert activity in financing Hamas and others will certainly change this scenario. PMX cannot be the PM for both Gaza and Malaysia!

Reference:

BNM Annual Report 2023