According to The Star today, it reported that World Bank mentioned that Malaysia's real GDP is expected to fall by about 4.4% - due to our high reliance on exports. I believe that this forecast is expected to hit our KLCI markets real badly. We shall see how the KLCI performs later.
Plus, the Dow Jones did lost 200+ points this morning - or 2.35%. That should be a good indicator for how our KLCI performs.
Anyways, here's the article.
Plus, the Dow Jones did lost 200+ points this morning - or 2.35%. That should be a good indicator for how our KLCI performs.
Anyways, here's the article.
BANGKOK: Malaysia’s real gross domestic product (GDP) is expected to fall by 4.4% this year before recovering to 2.2% next year and 5.3% in 2011, the World Bank said in its report on the global economic situation.
The report, Global Development Finance 2009: Charting a Global Recovery, said the 4.4% contraction was a result of high and undiversified dependence on exports of electronics, oil and crude palm oil, all of which were falling sharply, coupled with its relatively small domestic market.
interesting read :)
ReplyDeletea small complaint though:
darker font colours may contribute to a better reading experience, less eye strain due to low contrast :D