Optimistic:
Malaysia won't go into recession, says Second Finance Minister Tan Sri Nor Mohamed Yakcop.
Less optimistic:
Nazir, Group CEO BCHB said that Malaysia might avoid a recession this year based on current data, but cautioned that economic conditions could change.
Least optimistic:
M'sia on brink of recession, says MIER
Malaysia stands on the brink of recession as falling demand hits exports and manufacturing with growth expected to reach just 0.5 percent for the year, an independent think tank said today.
Malaysia won't go into recession, says Second Finance Minister Tan Sri Nor Mohamed Yakcop.
Less optimistic:
Nazir, Group CEO BCHB said that Malaysia might avoid a recession this year based on current data, but cautioned that economic conditions could change.
Least optimistic:
M'sia on brink of recession, says MIER
Malaysia stands on the brink of recession as falling demand hits exports and manufacturing with growth expected to reach just 0.5 percent for the year, an independent think tank said today.
"We forecast the economic growth for the first half of the year will be negative which will put us in a technical recession but show positive figures in the second half," Mohamed Ariff Abdul Kareem, head of the Malaysian Institute of Economic Research told AFP.
"Overall, it will be 0.5 percent growth for this year in the best-case scenario. The worst-case scenario is there is a 50 percent chance of a full-blown recession this year," he warned.
So tell me, who do you trust the most? ;-)
1 comment:
I believe MIER. In US and Europe millions of people have lost their job, got their house repossessed, and have to rely on government benefits to support their family. Malaysia is next. I suggest everybody should pay attention more to their job and forget about the politics. Your boss is looking who is next on line to be retrenched. So focus on your work! Dont waste time on politics using company internet facility.
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