Malaysian Institute Raises 2007 GDP Forecast to 5.7 Percent on Investment

(Bloomberg) -- Malaysia's economy may grow 5.7
percent this year, faster than previously expected, as rising
public spending and investment makes up for faltering exports,
the Malaysian Institute of Economic Research said.

The partially government funded institute, which does
research and analysis on the Malaysian economy, raised its
growth forecast for Southeast Asia's third-largest economy from
an April forecast of 5.6 percent, it said in a report released
in Kuala Lumpur today. Growth is expected to accelerate to 5.8
percent next year, it said.


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