Malaysia economy may grow faster than forecast
BANK Negara Malaysia hinted yesterday that Malaysia's economy can grow at a faster pace than the 4.5 per cent to 5.5 per cent forecast earlier.
Governor Tan Sri Dr Zeti Akhtar Aziz said there is an upside potential to the growth forecast of the gross domestic product (GDP).
"We'll do a major assessment in the middle of the year ahead of the budget," she said yesterday.
Economists have been pointing to an improvement in economic activities in the first three months of this year, led by exports and other indicators, saying GDP will likely surpass the 4.5 per cent growth in the last quarter.
On the weak Greek economy and delay in its rescue package affecting Euro zone and spreading to other markets, Zeti said there will be some volatility expected but it should not destabilise the financial markets.
Governor Tan Sri Dr Zeti Akhtar Aziz said there is an upside potential to the growth forecast of the gross domestic product (GDP).
"We'll do a major assessment in the middle of the year ahead of the budget," she said yesterday.Economists have been pointing to an improvement in economic activities in the first three months of this year, led by exports and other indicators, saying GDP will likely surpass the 4.5 per cent growth in the last quarter.
On the weak Greek economy and delay in its rescue package affecting Euro zone and spreading to other markets, Zeti said there will be some volatility expected but it should not destabilise the financial markets.
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