The year ahead: Economic outlook for Malaysia
20.05.12
KUCHING: It has been a very trying year for many countries in 2011, with a series of eco-nomic woes, natural disasters, political upheavals to name just a few.
With Japan being hit by the tsunami-earthquake disaster, Middle East experiencing a political revolution, Thailand with its extensive floods and not forgetting the eurozone debt crisis which seems to go on and on, market players are losing confidence as well as patience with the once-lead-ing countries in the global economic race.
Many are instead switching their focus towards emerging markets, which will see much emphasis in 2012.
Malaysia, as one of the emerg-ing markets, is comparatively looking more attractive to both domestic and international investors alike. Albeit, the country’s projected growth has taken a slight dive from these external factors in 2011.
RAM Holdings Bhd (RAM Ratings) economist Jason Fong revealed to BizHive Weekly that earlier in the year, RAM Eco-nomics projected a growth of 5.6 per cent in February but subse-quently moderated the forecast to five per cent in August.
Source: The Borneo Post