Wednesday, June 16, 2010

Double-dip recession - unlikely

Kat bawah ni article pasal double-dip recession. Kemungkinan untuk Malaysia atau di Asia tu kurang boleh kata tiada. Sebabnya antara yang penyumbang adalah negara China dan India. Kita berharap pasaran pasam kita akan terus naik. Jika turun, peluang untuk beli.

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Malaysia is unlikely to face a double-dip recession as the country has come out of a slow growth phase over the last few years, according to an economist.Datuk Dr Zainal Aznam, a member of the National Economic Advisory Council, said with Malaysia becoming more integrated with Asia, continuous regional growth would be an additional boost to the Malaysian economy."

If Asian countries, particularly China and India, continue to develop, it would be an additional boost for Malaysia''s economic recovery. Anything that boosts Asian growth will be good for Malaysia," he said."If Asian countries, particularly China and India, continue to develop, it would be an additional boost for Malaysia's economic recovery. Anything that boosts Asian growth will be good for Malaysia," he said.

In an interview with Bernama, Zainal said if Malaysia achieved its ambitious target of 12.9 per cent growth in private investment under the 10th Malaysia Plan or even less, this would enhance the growth rate and indirectly contribute to the anticipated gross domestic product (GDP) of six per cent."

The New Economy Model is even more optimistic. If you really follow the prescription in the new growth model that encompasses a lot of liberalisation, good governance and reducing the cost of business, that could add another half percentage point to the GDP," he said.

On Malaysia's second-quarter GDP, Zainal expects it to be lower than the first quarter.The country registered a 10.1 per cent GDP growth in the first quarter this year."The first quarter started from a low base when compared with the previous quarter, as such giving a synthetic picture of a rapid jump in the growth rate," he said."So, in the second quarter, I'm expecting the GDP growth to be less than 10 per cent. I would be quite happy to see anything between six and eight per cent."

Asked whether emerging markets could overshadow Malaysia in the pursuit to achieve the forecast growth, Zainal said it was no secret that Malaysia and other South-East Asian countries had lost out to China over the past eight to 10 years."Most of the foreign investments coming to Asia have gone to China. Constraints that have dampened investor sentiment include the shortage of well-trained human capital," he said."Investors claim lack of the right people and right number is a deterrent to foreign investors setting up base in the country," Zainal said, adding that high cost of doing business in Malaysia also drove foreign investors to look at alternative locations."High regulatory cost and excessive regulations can drive investors away and it was therefore imperative to improve the government delivery system," he said. --
Bernama

Read more: 'Double-dip recession for Malaysia unlikely' http://www.btimes.com.my/Current_News/BTIMES/articles/20100616181222/Article/#ixzz0ctaP9GGk

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