Kenanga Investment Bank Berhad predicts export growth in 2024 may be below their 4.9% target (2023: -8.0%) and projects moderate growth to 3.5% in 2025. The investment bank noted that export growth slightly decreased to 4.7% year-on-year in the first 11 months of this year (10 months: 4.8%), slightly below its full-year growth target. Despite expecting an acceleration in growth in December, Kenanga anticipates it might not fully meet expectations amid rising uncertainties. However, it projects growth to remain stable towards 2025, driven by the global technology cycle led by artificial intelligence (AI) demand and a resilient US economy. This is supported by potential trade diversions amidst US-China trade tensions.
PETALING JAYA: Kenanga Investment Bank Berhad menjangkakan pertumbuhan eksport 2024 mungkin berada di bawah sasaran mereka sebanyak 4.9 peratus dan mengunjurkan pertumbuhan menjadi sederhana kepada 3.5 peratus pada 2025.
“Namun begitu, kami menjangkakan pertumbuhan akan kekal stabil menjelang 2025, disokong oleh kitaran teknologi global yang diterajui oleh permintaan kecerdasan buatan dan ekonomi Amerika Syarikat yang berdaya tahan. Katanya, walaupun pertumbuhan yang sederhana, tinjauan ini memberi petanda baik bagi Malaysia, di mana produk elektrik dan elektronik menyumbang 46.3 peratus daripada jumlah eksport pada November.
EXPORT GROWTH ECONOMY TECHNOLOGY MALAYSIA INVESTMENT
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