PETALING JAYA: Export-oriented tech and commodity firms are set to benefit from the rising demand for chips and an imminent “commodities super-cycle, ” spurred by growing consumption on the back of the global vaccine rollout.
In light of the vaccine rollout in advanced countries, Sunway University professor of economics Yeah Kim Leng (pic) said the revised, improved outlook by the International Monetary Fund (IMF) on the global economy will bode well for local exports.
“Malaysia is set to benefit from better external demand, especially from advanced nations such as the US and China, ” he told StarBiz.The IMF expects the global economy to grow 5.5% this year, a 0.3 percentage point increase from October’s forecasts, in light of the global vaccination rollout.
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