Wednesday, April 1, 2009

Malaysia's GDP To Shrink In 2009

BANGKOK, March 31 (Bernama) -- Growth in Malaysia, Singapore and Thailand, South-East Asia's three most export-orientated economies, will contract this year, the Asian Development Bank (ADB) said in a report, Asian Development Outlook 2009, released Tuesday.

Malaysia's growth, which grew by 4.6 percent in 2008, is likely to see -0.2 percent growth in 2009 before recovering to 4.4 percent in 2010, it said. Source


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