What is the current growth momentum in the Malaysian Economy

As far as many of us know, we’re facing shaky times now, and many businesses has dropped since June. What the about the two quarters before, and what will be BNM’s prediction over the next year or last quarter for 2008?

The domestic economy will be affected by these external developments. In addition, the impact of rising commodity and fuel prices and costs will continue to have a deflationary impact on domestic demand, as well as affecting consumer and business sentiments. Despite signs of moderating growth, the underlying fundamental strength of the Malaysian economy and the resilient banking sector provide the potential of the Malaysian economy to resume its steady growth path. -Bank Negara Malaysia

External developments as stated on the quote above represents international financial markets, prices of energy and commodity,and growth in moderate economies around the world.

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