By Asrul Hadi Abdullah Sani
PUTRAJAYA, Jan 14 — Rating Agency Malaysia (RAM), the country’s leading credit rating service, has joined Citigroup in predicting a technical recession for Malaysia in the first and second quarter of the year.
RAM’s chief economist Dr Yeah Kim Leng said, however, that domestic demand could help offset the decrease in exports.
Citigroup had said yesterday that Malaysia may slip into a technical recession in 2009. Citigroup Global Market has also downgraded its forecast for Malaysia’s 2009 gross domestic product (GDP) to 0.5 per cent from 3.1 per cent.
A technical recession is defined as two consecutive quarters in which the economy has shrunk compared to the previous quarter.
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" Adakah bidang perternakan (seperti penternakan kambing) merupakan suatu pelaburan yang bijak dan dapat mengelakkan dari terkena bahang 'recession' ini? "