MALAYSIAN FINISHING INDUSTRY OUTLOOK OPTIMISTIC DESPITE CHALLENGING CLIMATE
January 1st, 2014
A country famed for its beautiful traditional 'batik,' Malaysia is also home to a highly specialised textiles industry and these niche skills may prove vital for the country’s numerous finishing factories in what is shaping up to a challenging year. Economists are predicting a general slowing of the Malaysian economy, with average real gross domestic product (GDP) growth for the next five years estimated in Q4 2013 at 3.4%, revised down 0.2% from Q4 in 2012 (slightly slower than the Asian average of 3.7%), according to the Ifo Institute for Economic ...
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