Malaysia’s economy and auto industry have been living on borrowed time, but time is running out. “Malaysia has not been hit too hard so far by the global economic meltdown,” says Edward Ong, a senior analyst with Macquarie Securities Group in Kuala Lumpur. “GDP (gross domestic product) growth this year has been robust. But growth next year should slow, as palm oil and crude oil prices reverse and both consumption and investment growth slow down.” Tim Armstrong, director-Asia, Middle ...
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