{
    "success": true,
    "data": {
        "id": 1087227,
        "msgid": "mahathir-sees-malaysian-economy-growing-in-2001-1447893297",
        "date": "2001-12-07 00:00:00",
        "title": "Mahathir sees Malaysian economy growing in 2001",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Mahathir sees Malaysian economy growing in 2001 Reuters, Kuala Lumpur Malaysia will record positive gross domestic product (GDP) growth for the full year in 2001, Prime Minister Mahathir Mohamad said on Thursday, despite forecasts of a contraction by some analysts. GDP shrank 1.3 percent year-on-year in the third quarter, the first contraction in over two years, because of a slump in electronics exports.",
        "content": "<p>Mahathir sees Malaysian economy growing in 2001<\/p>\n<p>Reuters, Kuala Lumpur<\/p>\n<p>Malaysia will record positive gross domestic product (GDP)<br>\ngrowth for the full year in 2001, Prime Minister Mahathir Mohamad<br>\nsaid on Thursday, despite forecasts of a contraction by some<br>\nanalysts.<\/p>\n<p>GDP shrank 1.3 percent year-on-year in the third quarter, the<br>\nfirst contraction in over two years, because of a slump in<br>\nelectronics exports.<\/p>\n<p>Asked whether the country will post positive growth for the<br>\nfull year, Mahathir said: \"I think we can.\"<\/p>\n<p>Malaysia recently cut its official GDP growth forecast for<br>\n2001 to 1.0-2.0 percent from 5.0-6.0 percent.<\/p>\n<p>\"We need to grow just a little bit in the fourth quarter in<br>\norder to achieve positive growth for the year,\" Mahathir told<br>\nreporters in parliament.<\/p>\n<p>The economy grew 0.5 percent in the second quarter and 3.1<br>\npercent in the first quarter.<\/p>\n<p>HSBC Fixed Income Research said late last month it expected<br>\nthe country's economy to contract in the fourth quarter, but<br>\nrebound in 2002.<\/p>\n<p>It did not give a forecast for fourth-quarter GDP but<br>\nprojected a contraction of 0.2 percent for the full year versus<br>\n2000's blistering 8.5 percent.<\/p>\n<p>Mahathir said consumption is expected to rise in the fourth<br>\nquarter while exports improved in October. He added that growth<br>\nhas to be driven by domestic activities given that the global<br>\neconomy was expected to experience a slowdown.<\/p>\n<p>\"What the country needs to register growth for the whole year<br>\nare higher consumption and exports,\" he said.<\/p>\n<p>Signs of a recovery in tourist arrivals, which had slumped<br>\nfollowing the September 11 attacks on the United States, will<br>\nalso help underpin fourth quarter GDP growth.<\/p>\n<p>\"In many areas, there are positive signs. So I'm hopeful that<br>\nthere will be growth,\" he said.<\/p>\n<p>But the prime minister said growth in the fourth quarter was<br>\nunlikely to match that of the final quarter of last year when GDP<br>\ngrew 6.3 percent year-on-year.<\/p>\n<p>\"We must remember in the fourth quarter last year, we achieved<br>\na very high growth rate. It's very difficult to achieve the same<br>\ngrowth rate,\" he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mahathir-sees-malaysian-economy-growing-in-2001-1447893297",
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    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
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