{"id":7679,"date":"2021-01-04T13:23:04","date_gmt":"2021-01-04T05:23:04","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=7679"},"modified":"2021-01-04T13:23:06","modified_gmt":"2021-01-04T05:23:06","slug":"malaysias-economic-rebound-depends-on-global-trade-moodys-analytics","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=7679","title":{"rendered":"Malaysia’s economic rebound depends on global trade – Moody’s Analytics"},"content":{"rendered":"\n

KUALA LUMPUR, Jan 4 — Malaysia’s massive Budget 2021 will cushion the economic downturn, but the country\u2019s economic rebound will depend on the return of global trade, says Moody’s Analytics.<\/p>\n\n\n\n

Its economist Denise Cheok said lockdowns across Europe and the United States pose significant downside risks, even with vaccine rollouts.<\/p>\n\n\n\n

“Vaccine distribution\u00a0will take time, and consumer spending will likely only revive gradually,” she said in a note today.<\/p>\n\n\n\n

\"global<\/figure><\/div>\n\n\n\n

Malaysia\u2019s Budget 2021 is the largest in the country’s history, with its allocation of RM322.5 billion.<\/p>\n\n\n\n

On exports, she said Malaysia is set to raise its export tax on palm oil from Jan 2021.<\/p>\n\n\n\n

“This will likely boost exports in December as buyers from India and China front load demand,” Cheok said.<\/p>\n\n\n\n

She pointed out that Malaysia’s agriculture export in November was boosted by high demand for palm oil and related products.<\/p>\n\n\n\n

Meanwhile, she said retail sales — which have been weak since the second quarter last year — will likely remain below pre-COVID-19 pandemic levels until the middle of this year.<\/p>\n\n\n\n

Cheok said consumer and investor\u2019s sentiment took a hit in November after the surge in COVID-19 cases triggered partial movement control orders in most states.<\/p>\n\n\n\n

— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Jan 4 — Malaysia’s massive Budget 2021 will cushion the economic downturn, but…<\/p>\n","protected":false},"author":1,"featured_media":7680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-7679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435.jpg",1087,590,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435-300x163.jpg",300,163,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435-768x417.jpg",640,348,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435-1024x556.jpg",640,348,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435.jpg",1087,590,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435.jpg",1087,590,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435.jpg",1087,590,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435.jpg",1024,556,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/01\/9b6878b46a545249f0fe02369fa6603e5e96c0efb5435.jpg",720,391,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7679"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7679\/revisions"}],"predecessor-version":[{"id":7681,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7679\/revisions\/7681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/7680"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}