KUALA LUMPUR, Nov 13 — Malaysia’s gross domestic product is expected to be revised upward next year from the 2 to 3 per cent that was projected earlier, Second Finance Minister Datuk Seri Husni Hanadzlah said according to The Star.
Husni said the higher growth could be achieved with the help of the private sector particularly the government-linked companies.
“We are conducting a study on this and will know the results within one month,” he told reporters after attending the Apec ministerial meeting in Singapore yesterday.
Malaysia, Asia’s third most trade dependent economy, recently revised upwards its 2009 economic forecasts to a 3 per cent contraction this year although recent export and industrial output data has lagged the region.
Both exports and industrial output in September fell by larger-than-expected amounts. Exports fell by 24.2 per cent while industrial output fell by 6 per cent. — Reuters
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