atans1

M’sia’s problems captured in one chart, still one broker’s bullish

In Malaysia on 06/06/2013 at 5:24 am

It’s exports of manufactured gds! Not more democracy, more respect of HR!

Pessimism has arisen in the wake of the release of the country’s first-quarter growth figure; in real gross domestic product terms, it declined to 4.1%, dipping below the consensus estimate of 5.5%.But Barclays does not see this as a sign of a slowing growth trend. In a recent report, the bank said: “Rather, we believe that with the election uncertainty out of the way, private and public investment projects should pick up pace.”

The bank was bullish enough to revise its growth targets for the country upwards, projecting 5.3% for this year, up from 5.1% previously. Its target for next year is 6.2% growth, up from 5.7%.

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