Macroeconomic Forecast Malaysia

BMI View: Growth is projected to slow mildly this year from the 5.9% recorded in 2006, as a moderation in global growth and ringgit strength weigh on the external sector and consumer demand remains somewhat subdued. In line with our view, Malaysia's real GDP growth eased to 5.3% y-o-y in Q107, from 5.7% in Q406 and 6.0% in the same year-ago period. However, growth is expected to pick up during the second half of the year, supported by a still relatively accommodative monetary policy, increased government spending and structural reforms that are increasing foreign investor interest. Nevertheless, we continue to

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