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Malaysia’s imports fell to the lowest level in ten years in August, highlighting a slowdown in freight demand amid global trade tensions.
According to Kuala Lumpur-based MIDF Research, Malaysia’s August imports contracted year on year by 12.5%, the worst performance for ten years. Exports fell 0.8% in the same period – but the analyst still expects overall export growth of 1.7% this year.
“Continuous decline in imports of capital and intermediate goods indicate weak prospects for future exports,” MIDF said. “With faltering ...
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