7. 7 6. 9 8. 0 6. 6 3. 2 11. 2 - 0. 7 17. 2 20. 6 2022 ( f ) mp report sep. 20 mp report jun. 20 mp report sep. 20 4. 0 - 5. 0 5. 6 7. 0 8. 0 6. 8 5. 0 8. 6 - 2. 5 16. 8 21. 8 3. 0 - 4. 0 4. 1 3. 5 4. 7 3. 2 3. 3 5. 8 - 1. 3 17. 3 20. 9 3. 0 - 4. 0 2. 7 2. 4 4. 9 1. 7 4. 8 2. 2 - 1. 7 18. 2 22. 2 table 3 international baseline scenario assumptions 2021 ( f ) 2022 ( f ) mp report mp report mp report sep. 20 jun. 20 sep. 20 ( annual change, percent ) mp report jun. 20 2019 ( e ) 2020 ( f ) mp report jun. 20 terms of trade trading partners'gdp world gdp at ppp developed economies'gdp at ppp emerging economies'gdp at ppp united states eurozone china latin america ( excl. chile ) - 0. 6 2. 9 2. 8 1. 7 3. 8 2. 2 1. 3 6. 1 - 0. 7 lme copper price ( us $ cent / lb ) oil price, wti - brent average ( us $ / barrel ) 4. 9 - 3. 6 - 4. 5 - 7. 0 - 2. 4 - 6. 4 - 8. 7 0. 6 - 8. 3 4. 1 - 3. 5 - 4. 6 - 7. 2 - 2. 5 - 6. 0 - 8. 9 1. 9 - 9. 2 - 0. 5 4. 2 4. 4 3. 4 5. 3 2. 5 4. 4 7. 3 1. 5 ( levels ) mp report sep. 20 - 0. 5 4. 7 4. 9 4. 1 5. 5 2. 4 6. 7 7. 3 2. 0 0. 2 4. 5 4. 5 4. 0 4. 9 4. 8 4. 1 6. 3 2. 9 0. 3 4. 5 4. 6 4. 1 5. 0 4. 1 5. 2 6. 1 2. 9 ( e ) estimate. except for commodity prices. ( f ) forecast

export sector is still important, the significance of domestic demand has gradually increased. in this current environment, the malaysian government has implemented a significant fiscal stimulus to sustain domestic demand. following the reduction in interest rates, retail borrowing costs have declined to new historical lows. thus both the fiscal stimulus and the accommodative monetary environment are expected to improve demand conditions in the second half of the year. malaysia also has diverse trading partners which contributes towards mitigating the full impact of the global slowdown on our domestic economy. businesses in malaysia have over the years continued to build trade and investment linkages with other emerging countries especially in asia. adequate access to financing is therefore vital not only for supporting domestic demand but also to ensure that malaysian businesses are able to take advantage of the opportunities in the regional and global economy. the strong domestic banking system, with its ample liquidity, has the potential capacity to provide the access to financing. some smes however are experiencing stress from the current more difficult environment. several preemptive measures have therefore been introduced to enhance the prospect for access to financing. the sme assistance guarantee scheme that was launched on 3 february 2009 to provide smes with an 80 % guarantee cover will enhance access to financing in addition to keeping the cost of financing low. as at 5 april 2009, more than 880 applicants have successfully obtained financing through this scheme and more than 790 applicants are still being evaluated. two additional schemes, the working capital guarantee scheme and the industry restructuring financing guarantee scheme, has been recently launched to enhance access to financing for working capital and to support long - term investments that will increase productivity and that will generate high value - added activities. the measures to enhance access to financing are also reinforced by the provision of financial advisory services and by developing channels for redress by borrowers. the bnm link and telelink established by bank negara malaysia and the abm - connect that has been set up by the association of banks in malaysia serve as important conduits for greater interface between the banks and the borrowers. these measures are also complemented by the institutional framework to deal with problem loans in the retail and business segments. the small debt resolution scheme ( sdrs ), which was created in 2003 to facilitate the restructuring and rescheduling of credit facilities for small businesses has now been expanded to include all viable smes facing financial difficulties with financing from multiple financial institutions. importance of information credit bureaus malaysia has been ranked number one in the world in terms