US Fed rate cut fuels optimism for sustained Malaysian export recovery
==========
The US Federal Reserve cut its policy rate by 50 basis points on September 18, 2024, expected to boost US domestic consumption and support Malaysian exports; Malaysia's August trade data showed a 12.1% year-on-year increase in exports to RM129.16 billion, surpassing estimates; UOB Global Economics predicts ongoing recovery in electrical and electronics exports; year-to-date export growth stands at 6%, with a full-year target of 7.6%; imports rose 26.2% year-on-year to RM123.49 billion in August; trade surplus narrowed 67.3% year-on-year to RM5.67 billion; RHB Research forecasts GDP growth of 5.2% in Q3 2024.
#UsFed #Malaysia #Exports #Economy #TradeData #Gdp #Uob #Rhb #August2024 #PolicyRate
https://theedgemalaysia.com/node/727324 nostr.fmt.wiz.biz
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2024-09-19 14:00:49
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2024-09-19 14:00:49Event JSON
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"content": "US Fed rate cut fuels optimism for sustained Malaysian export recovery\n==========\n\nThe US Federal Reserve cut its policy rate by 50 basis points on September 18, 2024, expected to boost US domestic consumption and support Malaysian exports; Malaysia's August trade data showed a 12.1% year-on-year increase in exports to RM129.16 billion, surpassing estimates; UOB Global Economics predicts ongoing recovery in electrical and electronics exports; year-to-date export growth stands at 6%, with a full-year target of 7.6%; imports rose 26.2% year-on-year to RM123.49 billion in August; trade surplus narrowed 67.3% year-on-year to RM5.67 billion; RHB Research forecasts GDP growth of 5.2% in Q3 2024.\n\n#UsFed #Malaysia #Exports #Economy #TradeData #Gdp #Uob #Rhb #August2024 #PolicyRate\n\nhttps://theedgemalaysia.com/node/727324 nostr.fmt.wiz.biz",
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