Tuesday, 02 Feb 2021 11:55 AM MYT
In its Economic Update today, Public Investment Bank Bhd said there would also be sustained global demand for information technology products amid a pandemic condition that increased demand for devices such as computers and tablets for home-based work and learning. Other possible hampering factors are a resurgence in new domestic Covid-19 cases that may push consumers to remain cautious and continue preserving capital as well as the uncertainty caused by the US-China second trade negotiations, which could begin as early as this quarter.
It added that trade surplus may remain sanguine in 2021 driven by full economic openings across Asean and China as well as nascent global economic recovery due to rapid Covid-10 vaccination programmes.