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THE outlook for the global economy is positive, with most economies projected to post firm growth rates, thanks to renewed strength in the US economy, said Charles Adams, IMF's assistant director for the Asia-Pacific region.
China vowed Monday to slow down its economy gradually so that growth in neighboring countries won't suffer, as the Asian Development Bank wrapped up its annual meeting aimed at integrating the region's markets and reducing poverty.
The capital market continues to be a major source of funding for companies in the country, with the Securities Commission (SC) approving corporate proposals to raise RM55.1bil in total last year compared with RM65.9bil in 2002.
US Treasury Secretary John Snow said on Thursday high oil prices were 'not helpful' for US and global economic growth, and said a reduction in output by Opec oil producers would be worrisome.
Chinese Premier Wen Jiabao said on Wednesday China was committed to forceful measures to cool its dangerously fast-growing economy, which has benefited global growth but, left unchecked, has the potential to drag it down.
United States Federal Reserve chairman Alan Greenspan said that US interest rates must rise at some point, but seemed to rule out an imminent increase by saying more vigorous growth have not yet sparked broad price pressures.
Fitch Ratings has raised its forecast for global economic growth this year to 3.6% from 2.8%, but has cut its projection for euro area growth to 1.6% from 1.8%.
The world economy will grow a strong 3.7% this year, UN forecasters predicted on Thursday, but warned Washington that soaring US budget and trade deficits were not sustainable.
The Malaysian economy is expected to grow by between 6% and 6.5% this year, substantially above the 5.2% gross domestic product (GDP) growth attained last year. The Government's buoyant estimate puts Malaysia's economy on track to becoming one of the fastest growing in the Asia-Pacific this year, expected to be surpassed by only China, India and Thailand.
CHIEF executive officers (CEOs) globally rate revenue growth as the number one priority in their organisations' financial performance over the next three years, and have identified Asia as the catalyst for global growth, a study conducted by IBM Business Consulting Services said.