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Update RBS says QE tapering less disruptive in 2014, sees Malaysia's GDP growth at 4.6%
by Cals Wed 12 Feb 2014, 03:05
| Update RBS says QE tapering less disruptive in 2014, sees Malaysia's GDP growth at 4.6% |
| Business & Markets 2014 |
| Written by Surin Murugiah of theedgemalaysia.com |
| Tuesday, 11 February 2014 15:51 |
Kuala Lumpur (Feb 11): The Royal Bank of Scotland (RBS) said negative impact of QE tapering would be less severe this year and added investors had over-reacted to the move by the United States.
RBS managing director and head of economics research for Asia ex Japan Sanjay Mathur told reporters worries over the QE (quantitative easing) tapering by the United States was overdone.
"The tapering will remain a disruptive force but will not be as severe as in 2013," he said at a media briefing in Kuala Lumpur.
On the local economy, Mathur expects Malaysia's GDP to grow higher at 4.6% this year, driven mainly by net exports, compared to growth of 4.5% estimated for 2013.
Mathur opined Malaysia's fundamentals remained strong, with comprehensive road maps in place for subsidy rationalisation and GST implementation.
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