ECONOMIC growth for the second quarter is expected to moderate amid tougher conditions due in part to the impact of the Iraq war and Severe Acute Respiratory Syndrome (SARS), analysts said.
“While the first quarter's gross domestic product (GDP) growth of 4% was within market expectations, we see growth moderating due to weaker external conditions and lower private consumption,” said Lee Heng Guie, an economist at CIMB Securities.
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