Malaysia is unlikely to slip into recession despite slowing exports, but the economy may require another round of stimulus measures, the central bank chief said in comments published today. "If conditions in the major economies worsen, then further stimulus will definitely be necessary to prevent our economy from slipping into negative territory," Bank Negara governor Zeti Akhtar Aziz was quoted as saying by the New Straits Times. "We believe the economy can ride out this challenging period because of the positive conditions that prevail - with our labour market relatively stable, access to financing and both the government and the central bank having the flexibility to implement stimulus," she said however...Malaysia is tipped for growth of up to 3.5 percent for 2009, well down on earlier projections as the global crisis bites into export demand and foreign direct investment inflows. (Bank Negara: More stimulus measures may be needed - Mkini).
Ok, this piece of info comes from Bank Negara. So, we should take it positively. We need some positivity for the start of the new year to last us until end of this year. So, cheers everyone! Take k.
Ok, this piece of info comes from Bank Negara. So, we should take it positively. We need some positivity for the start of the new year to last us until end of this year. So, cheers everyone! Take k.
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