Economic Outlook - Risk Is A Sharper-than-expected Slowdown In In The 2H, Not A Double Dip - 18/6/2010

The country’s economic growth is likely to have peaked in the 1Q and will likely expand at a slower pace in the 2H of the year, on account of slower global economic growth due to dissipating fiscal spending and Europe’s austerity measures. These will likely be compounded by policies tightening in some Asian countries. Locally, fiscal stimulus by the Malaysian Government will also be running out of steam in the 2H of the year. As a result, we expect real GDP growth to soften to 4.8% yoy in 2H 2010, from an estimate of +8.8% in the 1H. For the full-year, real GDP is envisaged to recover to +6.8% in 2010, from -1.7% in 2009.

Economic Outlook - Risk Is A Sharper-than-expected Slowdown In In The 2H, Not A Double Dip - 18/6/2010

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