{
    "success": true,
    "data": {
        "id": 1097196,
        "msgid": "economists-predict-malaysian-growth-to-slow-1447893297",
        "date": "2001-01-29 00:00:00",
        "title": "Economists predict Malaysian growth to slow",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Economists predict Malaysian growth to slow KUALA LUMPUR (AFP): Malaysia's growth will slow down this year as the U.S. economy falters and corporate restructuring stalls, according to a poll of 11 regional economists published on Sunday. Ten of the 11, who were questioned by The Edge business weekly, gave forecasts for gross domestic product growth for 2001 and these varied between 4.0 and 7.0 percent. Three opted for 6.0-7.0 percent and the rest a lower figure.",
        "content": "<p>Economists predict Malaysian growth to slow<\/p>\n<p>KUALA LUMPUR (AFP): Malaysia's growth will slow down this year<br>\nas the U.S. economy falters and corporate restructuring stalls,<br>\naccording to a poll of 11 regional economists published on<br>\nSunday.<\/p>\n<p>Ten of the 11, who were questioned by The Edge business<br>\nweekly, gave forecasts for gross domestic product growth for 2001<br>\nand these varied between 4.0 and 7.0 percent.<\/p>\n<p>Three opted for 6.0-7.0 percent and the rest a lower figure.<br>\nThe official forecast for this year is 7.0 percent.<\/p>\n<p>The government estimate for last year is 7.5 percent but<br>\nFinance Minister Daim Zainuddin has said this is likely to be<br>\nexceeded.<\/p>\n<p>Seven of the 11 mentioned the U.S. slowdown as a potential<br>\ndanger for the local economy while four cited inadequate or<br>\nstalled domestic corporate reform.<\/p>\n<p>Three mentioned the danger of a global slowdown and two cited<br>\ndomestic political risks.<\/p>\n<p>The Edge said all the economists believe the recovery from the<br>\n1998 recession is sustainable but 82 percent say it has not<br>\nextended to all sectors, with construction the biggest laggard.<\/p>\n<p>A slower U.S. or global economy would hit demand for<br>\nelectrical and electronic goods which make up 61 percent of all<br>\nMalaysia's exports.<\/p>\n<p>Almost 21 percent of all the country's exports go to the<br>\nUnited States.<\/p>\n<p>Corporate restructuring was the main domestic concern.<br>\n\"Inadequate restructuring of debt-laden companies could undermine<br>\ninvestor confidence and hold back long-term recovery,\" one<br>\nforeign economist was quoted as saying.<\/p>\n<p>Finance Ministry adviser Mustapa Mohamed urged Malaysians on<br>\nSaturday not to be unduly pessimistic about overseas<br>\ndevelopments, saying the U.S. economy was not expected to go into<br>\nrecession.<\/p>\n<p>\"We should not be pessimistic of external developments. We<br>\nshould pray for the country's continued progress and<br>\ndevelopment,\" Bernama news agency quoted him as saying.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/economists-predict-malaysian-growth-to-slow-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}