Malaysia annual report predicts tougher 2012


Bank Negara Malaysia  today (March 21) released its annual report. In it, the central bank predicted growth will slow significantly in 2012, amid a tough international climate.

The Malaysian central bank forecast a growth rate of between 4% and 5% for 2012, which will mean a drop from the 5.1% it achieved in 2011, as unveiled in the annual report.

Worsening circumstances are also predicted across a range of indicators, including exports, which the central bank anticipates will decline in 2012, a

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