KUALA LUMPUR, July 2 ― MIDF Amanah Investment Bank Bhd expects Malaysia’s trade performance to gradually improve in the second half of 2020 in line with improving sentiment in most Asian economies due to the recovery phase post-Covid-19 pandemic. It said, however, the reemergence of US-China...
MIDF Amanah said the manufacturing sector was among the most affected sectors during the movement control order due to lower domestic and global demand. — Picture by Sayuti Zainudin
It said, however, the reemergence of US-China tensions, China-India war, and fear of a second Covid-19 wave are downside risks to the estimate. MIDF Amanah said the manufacturing sector was among the most affected sectors during the movement control order due to lower domestic and global demand. A similar trend was also observed in most Asian economies such as China , South Korea , India , Thailand , the Philippines , Taiwan and Vietnam .
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