Malaysian economy to grow 5% this year

Malaysia’s November industrial output data, published today, were poor, as were November foreign trade data published last week. Nevertheless, we remain positive on the outlook. GDP growth should still climb y/y in Q4 and then accelerate to around 5% in 2010. We expect that the ringgit will rise further over the next 3-6 months, before then falling back close to current levels by year end.

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