Chin (left) and Woon launching the Pikom ICT Strategic Review Publication.
THE National ICT Association of Malaysia (Pikom) has revised down its forecast of the Gross Domestic Product (GDP) growth for 2016 and 2017 to 4.2% and 4%, respectively.
The depreciation of the ringgit against the US dollar, the Brexit vote, the US presidential election results as well as the uncertain future of the Trans-Pacific Partnership Agreement (TPPA) are the significant factors attributed to the lower forecast.
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