Thursday, June 17, 2010

Double-dip recession for Malaysia unlikely'

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.

Read more: 'Double-dip recession for Malaysia unlikely' http://www.btimes.com.my/Current_News/BTIMES/articles/20100616181222/Article/index_html#ixzz0r27XeywP

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