KUALA LUMPUR: Bank Negara Malaysia is monitoring the current development in the Europe and the prospects for moderation in the global economic growth had already been factored in.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/7/business/20120607151530&sec=business
Published: Jun 07, 2012
BNM Governor Tan Sri Zeti Akhtar Aziz said on Thursday that Malaysia had recognised the risks if the European leaders did not come out with a solution to resolve the debt crisis.
She was asked to comment on whether BNM would maintain its GDP growth forecast of between 4% and 5% for this year due to the current debt crisis in the euro zone.
Speaking at a press conference at the release of the Labuan Financial Services Authority (Lofsa) annual report 2011, she said: "Should the solutions come that will resolve many issues that are currently existing, then yes the projections that we have announced remain intact."
Zeti also said if the situation worsens further, then there would be a negative impact on the global economy.
Malaysia's exports in April 2012 dipped slightly to RM57.74bil from the RM57.8bil a year ago, weighed down by slower growth in the major economies and the Europe debt crisis.
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