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(From Business Times (Malaysia))
STANDARDChartered Bank has revised Malaysia's 2004 gross domestic product (GDP) growth forecast upwards to 7 per cent, saying that with a strong demand in the pipeline, official forecasts of 6 to 6.5 per cent growth seem too low.
The bank's economist, Joseph Tan, expects an upward revision soon as the new orders in the pipeline point to a further expansion in Malaysia's exports in the second half of 2004.
"Overall, we expect 2004 exports to expand 13.8 per cent year-on-year, contributing to our revised full-year GDP growth of 7.0 per cent year-on-year," Tan said in a Stanchart report on the economy.
He said …