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Malaysia would feel the pain of U.S. going over "fiscal cliff"
Projected growth of 5.2% for Malaysia's economy in 2013 could be lowered to between 3% and 4% if the U.S. fails to address its fiscal crisis, said economist Gundy Cahyadi of OCBC Bank. "It's going to create a huge impact if this were to happen. The 'fiscal cliff' will create a recession in the U.S. where its economy will likely contract by 0.5%, and this may lead to a bigger-than-expected recession in the eurozone," Cahyadi said.
Star Publications (Malaysia) (11/21)
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