KUALA LUMPUR, 15 April 2009: The Malaysian Institute of Economic Research (MIER) has revised downwards the country’s gross domestic product (GDP) forecast this year to -2.2% from 1.3% earlier on the back of export slump arising from the global economic turmoil. The private think-tank said it was almost certain that Malaysia’s growth would slide into […]
MIER
MIER sees GDP contracting 3.8% in 2009
By Racheal Lee Mei NyeeKUALA LUMPUR, 17 March 2009: The Malaysian Institute of Economic Research (MIER) forecasts the country’s gross domestic product (GDP) will contract 3.8% this year, which is its worst-case scenario. MIER executive director Datuk Dr Mohamed Ariff Abdul Kareem said on 16 March that MIER expected investments to shrink 4.6% and exports to contract 9.8%. Speaking […]
