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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

Malaysia: Stabilising commodities to mitigate slowdown

Posted on 22 October 2008

From Thestar.com.my: The Malaysian economy is set to slow to 4% in 2009 due to the impact from sluggish global economic growth, but stabilising crude oil and crude palm oil (CPO) prices will help mitigate the slowdown, analysts said.

“We’ve a forecast gross domestic product growth of 4% for next year, definitely not the most conservative in town but at a level we’re comfortable with since Bank Negara will more than likely come out with a figure of between 4% and 5%,” said Chris Eng, associate director at OSK Research Sdn Bhd….. Full Article: Source


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