Monday, February 23, 2009

Malaysian exports to drop this year. (by a ton)

From Yahoo biz (AP):

Malaysia is bracing for a possible 4 percent drop in its exports this year, the trade minister said Monday, acknowledging that the export-driven economy cannot be immune to the global economic crisis.
Anyone want to bet the amount will be more? 4 percent is the "worse case scenario." Insanity.
Electrical and electronics goods constitute 38.3 percent of the country's total exports, followed by palm oil, crude oil, liquefied natural gas and chemicals.
Which export categories are affected by the global crisis? Check each one. Now if only we were producing gold.

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