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NewsHLIB sees Malaysia GDP growth at 4.5pc
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HLIB sees Malaysia GDP growth at 4.5pc
by hlk Tue 03 Apr 2012, 18:53
Hong Leong Investment Bank is maintaining its Gross Domestic Product (GDP) projection at 4.5 per cent as bunching of construction projects and structural diversification of the economy to more commodity base will cushion the impact of softer manufacturing performance.
In a research note today, the research firm also maintained inflation projection at 2.7 per cent and expected the overnight policy rate to remain steady at three per cent for the rest of the year.
"Commendable implementation and communications over the Economic Transformation Programme (ETP) progress with Pemandu's first annual report detailing key milestones and reiterating its broad objectives.
"Most National Key Economic Areas achieved high scoring but there was no new projects announced as the focus is on synergistic integration and multiplier impact," it said.
Hong Leong said ETP projects in the pipeline would provide safeguard against external headwinds.
"As highlighted in our previous report entitled, "ETP to Help Fuel Run Up" the construction will be the major winner.
"The multiplier effect from construction is critical in sustaining momentum for the domestic economy as well as consumer and investor confidence," the research house added. -- Bernama
In a research note today, the research firm also maintained inflation projection at 2.7 per cent and expected the overnight policy rate to remain steady at three per cent for the rest of the year.
"Commendable implementation and communications over the Economic Transformation Programme (ETP) progress with Pemandu's first annual report detailing key milestones and reiterating its broad objectives.
"Most National Key Economic Areas achieved high scoring but there was no new projects announced as the focus is on synergistic integration and multiplier impact," it said.
Hong Leong said ETP projects in the pipeline would provide safeguard against external headwinds.
"As highlighted in our previous report entitled, "ETP to Help Fuel Run Up" the construction will be the major winner.
"The multiplier effect from construction is critical in sustaining momentum for the domestic economy as well as consumer and investor confidence," the research house added. -- Bernama
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