Malaysia could see the sector contracting by between 10% and 20%, as it is impacted by the disruptions to the global supply chain, and domestically, the shutdown of businesses during the movement control order (MCO) period.
PETALING JAYA: Malaysia’s export sector could contract by up to 20% this year due to the global demand shock caused by the Covid-19 pandemic, says Moody’s Investors Service.
Moody’s Sovereign Risk Group assistant vice president-analyst Christian Fang told StarBiz that Malaysia could see the sector contracting by between 10% and 20%, as it is impacted by the disruptions to the global supply chain, and domestically, the shutdown of businesses during the movement control order (MCO) period.
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