Malaysia’s economic growth to stay weak in 2016-17: Moody’s
Moody’s cited subdued global demand, capital flow volatility and currency depreciation as the main reasons behind its weaker economic growth forecast for Malaysia, whose total trade reportedly accounts for 131% of the country’s gross domestic product.
The agency, nonetheless, added that higher employment rates can help offset the effects of limited private consumption in Malaysia.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Asian spot ethylene market plunges to decade low
- Early July expectations emerge softer in Europe’s PP market
- Import PE prices fall to lowest in more than a decade across Asia
- Tightness pushes Asian PVC markets to 3-month high
- China’s PE market continues bearish run on sluggish demand
- PP and PE markets turn softer in Egypt, Mid-East
- European PET extends bearish trend into 3rd consecutive month
- European PS, ABS markets down after 4 months
- Thai PP, PE markets subdued by slowing economy, competitive imports
- Vietnam’s PE market extends losses into June on frail demand