Malaysia's economic outlook remains strong: World Bank

Publish date: Mon, 09 Jun 2014, 09:45 PM
KUALA LUMPUR: Malaysia's economic growth outlook for 2014 remains strong, underpinned by strong external demand, says the World Bank.
Its Senior Economist for Malaysia Dr Frederico Gil Sander said improvements in exports since end-2013, had continued into the first quarter of this year, following positive developments in the advanced economies.
"A lot of Malaysia's (exports) still comes from the advanced economies.
"The fact that these economies are doing well amid positive developments in the United States and the Europe over the last two months, tends to help the external sector and drive growth for the year," he added.
He was speaking to reporters on the sidelines of the Invest Malaysia 2014 today.
In April 2014, exports rebounded strongly by 18.9 per cent, suggesting a very strong Gross Domestic Product (GDP) growth ahead.
Malaysia's GDP expanded by 6.2 per cent in the first quarter of 2014 over the same quarter of the previous year. The GDP is expected to end the year at between 4.5 and 5 per cent. -- Bernama
Discussions
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fortunebullz

Strange! How come market no selling pressure at all!

2014-06-10 11:18

fortunebullz

Double strange day! No selling pressure at all!

2014-06-10 16:04

fortunebullz

What the! All sudden market making bullish reversal! No this month!

2014-06-10 16:14

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