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Southeast Asia |
MŽsia sees rebound in 2nd half |
2009-05-07 |
[Straits Times] MALAYSIAŽS central bank governor on Wednesday predicted the economy will start to recover in the second half of this year and said cutting interest rates further would not be constructive in shoring up growth. Bank Negara Governor Zeti Akhtar Aziz said exports remained weak, contracting by about 15 percent in both February and March after a 27 percent plunge in January. But this was offset by steady domestic demand, robust tourist arrivals and strong loans growth. |
Posted by:Fred |