Tuesday, May 29, 2007

Malaysia Economic Growth to pick up in 2nd half

MALAYSIA'S economy probably started the year on
a slower note during the first quarter, mostly due to weaker external
demand, economists say.

They said the robust services sector, mainly
tourism activities, will likely offset the weaker performance recorded
by the manufacturing sector during the year's first four months.

economists however believe that overall economic growth is likely to
pick up during the second half of 2007, largely on stronger
investments, better fiscal spending and an improved global electrical
and electronics industry.

Read more from Business Times

Good news indeed. I have a feeling that things are beginning to pick up.

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