Zakariah said the Malaysian economy was in the midst of adjusting itself to the current economic situation and Mier has forecast 4.7% GDP growth this year.
KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) says business conditions are likely to improve slightly in the first quarter of this year.
Executive director Dr Zakariah Abdul Rashid said although its fourth-quarter Business Condition Index, which tracks domestic manufacturing activities, dropped to below the 100-point threshold to 95.3 points, the Expected Index (EI) increased marginally on expectations of production and export sales.
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