April 29, 2010

BNM: May Revise up wards 2010 GDP for Malaysia

Well,what do you know. After JP Morgan and HSBC, even Zeti of  Bank Negara Malaysia (BNM)has jumped on the bandwagon to swear that the Malaysian economy has indeed seen good growth  so far in 2010. As such BNM  may revise up its economic growth forecast for 2010 due to this so called "continued improvement in the economy".

She has this to say. "We have realised there’s potential for an upward revision. The review could be done in the middle of this year where the figures could be used in the budget.”

BNM has previously said the economy could expand at between 4.5 to 5.5 per cent this year.

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