PUTRAJAYA, Feb 24 (Bernama) -- The 4.5 per cent growth in Gross Domestic Product (GDP) achieved in the fourth quarter of last year is unexpected, says Prime Minister Datuk Seri Najib Tun Razak.
The growth stemmed from strengthened domestic and external demand," said Najib, who is also Finance Minister, when announcing the economic performance for the quarter Wednesday.
Last year, the country's economic growth contracted to minus 1.7 per cent, lower than the projected three per cent, he said.
The economy recorded a contraction in three quarters -- 6.2 per cent in the first quarter, 3.9 per cent in second quarter and 1.2 per cent in third quarter, he said.
Asked for this year's forecast, Najib said: "We are quite bullish about this."
On whether the worst was over for the country's economy, he said that it was over provided that nothing seriously unexpected with respect to the global economy.
"For example, any major sovereign collapse barring unforeseen circumstances of that nature, we could safely say that we have recovered from the crisis and we should be looking forward to a strong growth for 2010."
nampaknya ada possibility interest rate nak naik nih..kena la bayar higher amount for housing loan utk sesapa yg based on BFR/BLR huhu
