Malaysia unveiled an unexpectedly large M$60bn stimulus package on Tuesday aimed at preventing the export-reliant economy from sinking into deep recession. The extra state spending, amounting to 9% of GDP, is one of the largest announced by an Asian nation in relation to the size of its economy.

This entry was posted by Gwen Robinson on Wednesday, March 11th, 2009 at 4:47 and is filed under Capital markets. Tagged with malaysia. Edit this entry.