3 Malaysia Today
Malaysia, too, has less fiscal options than before in weathering the impending turbulence:
The scope for pump-priming and stimulus measures in the face of another slowdown is now limited. But we still have strengths and alternatives:
The Pakatan Rakyat Budget is based on the expectation of GDP growing by 4-4.5% in 2012. ________ Malaysian Economy, Second Quarter 2011, Ministry of Finance. A selection of forecasts for 2011 and 2012: World Bank 4.8% and 5.7%; MIER 5.2% and 5.5%; Maybank 5.1% and 5.5% and RHB 4.3% and 4.5%. These forecasts were published before the International Monetary Fund (IMF) in mid-September slashed its forecast of global growth to 4.0% and 4.0%from the 4.3% and 4.5% that it had made in June.
[Pakatan Rakyat Budget 2012 released by Datuk Seri Anwar Ibrahim on behalf of PR in Kuala Lumpur on 4th October 2011. Part 4 of 10]
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