August 16, 2012

BNM, Two Speed Growth and Western Digital

Will commodity succumb next?
Analysts are trying to explain the latest data on the economy as ponied up by Zeti from BNM. Above the analysts best call. If I remember correctly-5.4% ?

For a lack of explanation, they have conceded that the growth may have sprung up from government project spending though the other unrelated sectors have faced the onslaught of the global market tremors. So ,the word used is " two staged".

Meanwhile reality is biting. Western Digital has just announced a  RSS to let go of 1,200 workers. Is this the early sign that the export led economy is crumbling, Zeti?