ID :
168995
Thu, 03/17/2011 - 13:55
Auther :
Shortlink :
https://oananews.org//node/168995
The shortlink copeid
JAPANESE CRISIS WILL HAVE LIMITED REGIONAL IMPACT, SAYS ECONOMIST
KUALA LUMPUR, March 17 (Bernama) -- The Japanese crisis in the wake of the recent earthquake and tsunami, will have limited impact on the region, including Malaysia as it's not the driver for Asia's growth, says an economist.
"Although Japan is a source of investment, the impact following the fallout will not be that significant," said Justin Wood, Economist Corporate Network's director for South-east Asia, in his presentation on the "Outlook For Asia" at the Regional Strategic Forecast Meeting, here today.
On the contrary, the unrest in Middle East is more of a concern and is a significant risk because of the impact it will have on oil prices, he said.
He also believes that the current fragile condition of Japan, the world's third largest economy, will not translate into a big impact on world economy as it relies on an export-led growth and it is not seen as the growth engine of Asia.
On Malaysia's growth, he said the country's economy is expected to move on to a more stable growth from 2011 to 2015 with an average annual gross domestic product growth of 5.1 per cent.
"Although Japan is a source of investment, the impact following the fallout will not be that significant," said Justin Wood, Economist Corporate Network's director for South-east Asia, in his presentation on the "Outlook For Asia" at the Regional Strategic Forecast Meeting, here today.
On the contrary, the unrest in Middle East is more of a concern and is a significant risk because of the impact it will have on oil prices, he said.
He also believes that the current fragile condition of Japan, the world's third largest economy, will not translate into a big impact on world economy as it relies on an export-led growth and it is not seen as the growth engine of Asia.
On Malaysia's growth, he said the country's economy is expected to move on to a more stable growth from 2011 to 2015 with an average annual gross domestic product growth of 5.1 per cent.
