Author Topic: Malaysia growth could stall: World Bank  (Read 994 times)

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Malaysia growth could stall: World Bank
« on: April 19, 2010, 06:52:46 PM »
Malaysia growth could stall: World Bank
Published: 2010/04/19


Malaysia’s economy will expand rapidly this year with growth of 5.7 per cent, the World Bank said in a report published today, although it warned that growth will be hit if economic reforms are not implemented.

“A stalling of the reform momentum would however cause an incremental loss in competitiveness, translating into slower growth of 4.2 per cent in the medium term and adding upward pressure on the government debt-to-GDP ratio,” the bank said in a report presented in Kuala Lumpur.

Malaysia’s economy contracted by 1.7 per cent in 2009 and Prime Minister Datuk Seri Najib TUn Razak has outlined what he has said is a comprehensive set of economic reforms, although lack of implementation has made investors wary of the new promises. -- Reuters

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