THE Malaysian Institute of Economic Research (Mier) has set its sights on a lower growth forecast for the economy this year, compared with an earlier prediction of 5.7%, following the slowing down of the global economy exacerbated by the US invasion of Iraq.
“Originally, our forecast was 5.7%. But this time around, we are sure that the gross do-mestic product (GDP) is going to be considerably down, but how much down, we do not know yet,” Mier executive director Dr Mo-hamed Arif said.
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