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Malaysia sees 5-6 pct growth as inflation rises

Malaysia sees 5-6 pct growth as inflation rises

Malaysia's central bank says inflation is expected to creep up this year but the economy remains on a firm growth path with a targeted expansion of between 5 percent and 6 percent.
The economy grew 7.2 percent last year, its strongest pace in a decade.
However, the central bank said Wednesday growth may ease in the first half of 2011 amid a sharp slowdown in exports before improving in the second half. It says inflation could rise up to 3.5 percent, from 2 percent in 2010 but the level would still be manageable.
Japan's recent earthquake and tsunami will not hurt Malaysia's growth, which is driven mainly by domestic demand and new economic activities. Japan is a key trading partner and investor in Malaysia.


Updated : 2021-04-11 05:43 GMT+08:00