Malaysia to see stronger growth in 2nd half of 2011, says Zeti(update)

Zeti: Second half growth expected to moderate

KUALA LUMPUR: Malaysia will see moderate growth in the first half of 2011 and stronger growth in the second half, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said on Tuesday.

Malaysia registered a 5.3 per cent Gross Domestic Product (GDP) growth in third quarter of 2010 as compared with 8.9 per cent in the second quarter.

"We will see this kind of (moderate) growth in the next two quarters and then by the second half we will see a stronger growth," she said when asked on the outlook of the first of quarter of 2011.

As for 2010, she said Malaysia was likely to have a growth of six to seven per cent.
Dr Zeti was met by reporters at the launch of Bursa Malaysia's Business Sustainability Programme by Prime Minister Datuk Seri Najib Tun Razak here.

Asked on the huge fund inflows into stock and bond markets, she said: "Right now because of our well developed and more matured financial market, we are better able to intermediate these flows.
"Hence, the situation is managable; it is not destabilising. All the markets in Malaysia have been functioning orderly and that is one of the country's strengths". - BERNAMA
(Source: The Star)