Thursday, May 28, 2009

Malaysia's economy contracts 6.2% - The Star Online, 28 May 2009

Well...

The number is out....

What can I say?

I need to check who won the bet?  I certainly did not.  

-3.73% is quite way off -6.2%...  

If 2Q2009 is expected to be quite similar to 1Q2009 results then Malaysia is technically in recession!

Recovery in 3Q and 4Q2009 must be huge to offset 1Q and 2Q2009 to ensure positive GDP growth for 2009.  Would this be possible given the uncertainty in too many fronts?

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