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6% growth this year? Don't you think it is being too optimistic?

MIER forecasted 5.9% for 2006 and was right on target. But for 2007, MIER forecasted a 5.2%.

Excerpt MIER:

Our GDP growth forecast for 2006 stands at 5.9 per cent. With tepid growth in developed countries affecting Malaysia’s exports in 2007, domestic demand may feel the heat as well. Given the increasing uncertainty and the challenging global outlook for next year, GDP growth is projected to ease to 5.2 per cent in 2007, given that Malaysia has grown less sensitive to the US and more sensitive to East Asia, especially China, in recent times. Assuming that the US dollar undergoes an orderly correction and that oil prices would remain largely stable if not lower, the Malaysian economy could register a 5.5 per cent growth in 2008 on the premise that domestic demand will be propped up prior to the general elections.

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in 2006, OIL made a significant income to the national coffer and with its price stabalising and holds, i'm afraid the negative side will be a rise in budget deficit!!!

jeff,

nor yakcob said:

If there was indeed a problem in the economy, he said companies like the Employees’ Provident Fund and Permodalan Nasional Bhd would help out.
http://thestar.com.my/news/story.asp?file=/2007/3/1/nation/17009337&sec=nation
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any clarification or whatsoever? is it to mean that there will be bail outs if shit happens?

Inflation les than 3%?

Is he thinking we are all living in ulu tembeling pahang?