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Malaysia set for 4.6pc growth

Malaysia’s highly open economy is expected to see an uneven recovery this year due to ongoing risks from the US and Europe.

Overall, gross domestic product (GDP) growth in Malaysia is likely to come at 4.6 percent in 2012 and, assuming global recovery continues, 5.1 percent in 2013.

The World Bank, in its latest outlook, said the disappointment and pessimism about global growth prospects had led to a mark down in growth forecasts this year even though data was mixed.

(Source: Business Times)