Economic Outlook : A New Economic Model As Recovery Gains Pace - 11/03/2010

The Malaysian economy emerged from a recession in the 4Q of last year, underpinned by a recovery in exports and the Government’s stimulus spending. We expect the export recovery to be sustained in 2010 despite various challenges that threaten to derail it. Similarly, we expect domestic demand to gain momentum, and consumer and business spending will likely take up the slack left by the government stimulus spending when it fizzles out in 2H 2010. As a whole, we expect the Malaysian economy to bounce back and expand by 4.5% in 2010, from -1.7% in 2009.

Economic Outlook : A New Economic Model As Recovery Gains Pace - 11/03/2010