Malaysia-A Likely 3.7% Growth Rate for 2010

Much quoted think-tank, Malaysian Institute of Economic Research (MIER) expects Malaysia’s economy to grow 3.7 per cent next year with inflation seen at 2.3 per cent. It said this in a news release on Oct 14 by Reuters.

Of all the economic scenario builders, MIER is by far the most accurate because the current leadership speaks their mind, without fear or favour.

“There are glimmer signs that the global downturn has stabilised somewhat, but the recovery is expected to be sluggish and uneven,” it said,adding that “the technical recession in the first half of 2009 is likely to continue into the third quarter before the economy could exit from it in the fourth quarter.

So, it looks like 3.7% would be a good guide for planning in 2010.