Tuesday, March 10, 2009

Recession

Finance and Deputy Prime Minister, Datuk Seri Najib Abdul Razak finally admits the possibility of recession by announcing that the GDP growth, subject to a successful implementation of the stimulus packages will range between -1% at its worst to 1% growth at its best.

This was after repeated denials in the past, some just a month ago, that Malaysia's economy is sound and fundamentally strong and will continue to grow at a moderate pace of 3.5%.
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