Looks like the economic pain will last a little bit longer.The Ministry of International Trade has just announced that Malaysia's exports, the mainstay of the economy, slumped 24.2 percent in September from a year ago.
It said in a statement that exports fell to RM47.24 billion (US$13.8 billion) year-on-year while imports fell 20.2 percent to RM37.97 billion, producing a trade surplus of RM9.27 billion.
So, aren't we over-dependent on the export model?
No comments:
Post a Comment