PETALING JAYA: RAM Holdings Bhd has revised Malaysia’s gross domestic product (GDP) growth forecast for the year to 0.9% from 3.5% previously due to falling and persistently weak exports demand over the next few years.
RAM Holdings group chief economist Dr Yeah Kim Leng said in an economic report Tuesday that export-oriented developing countries would face more headwinds going forward as the global economic slump slows demand.
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