THE Malaysian Institute of Economic Research trimmed its 2006 growth forecast to 5.2% from 5.5% saying that higher oil prices would curb overseas demand for exports and hence gross domestic product growth.
China's mutual fund industry is blossoming amid bullish equity markets that have climbed to new heights. But more importantly, the country's city dwellers are more willing than before to invest their hard-earned money.
Malaysia's economy grew 7.6% in the first quarter of 2004 - faster than at any time during the past three years - helped by stronger demand for Malaysian exports like electronics, and higher spending by local consumers.
The surging Australian dollar has lifted the growth outlook for the country's economy this year, but the gains could dampen economic prospects for 2005, private forecaster Access Economics said yesterday.