Oct 19, 2001, 12:01 AM
News Code: 9032352
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percent 3.2 East Middle percent, 6.2 at grow to economy World for recovery early an for prospects The -- IRNA 19, Oct Lumpur, Kuala with uncertain more become have economy global and States United the US the by operations military the and 11 .Sept on US the on attack the .Afghanistan on allies its and 2002/2001, report annual Ministry finance Malaysia's The at lower be to output world in growth the said Friday here released .year last percent 7.4 to compared year, this percent 6.2 the consideration into taken not has however, forecast, The other and US the on attack recent the of impact the of assessment .events subsequent countries advanced in growth (GDP) Product Domestic gross Real .year last percent 8.3 from percent 3.1 to decelerate to expected is US, the in slowdown to attributed is This" :said report The in decline area, Euro the in demand weak Japan, in weakness continued technology communications and information on spending investment ".confidence consumer in drop sharp a and (ICT) expected generally is countries developing in growth GDP Real on depending year this percent 3.4 to year last 8.5 from slowdown to capital and trade through US the to linked are they closely how .flows grow to likely are (NIEs) Economies Industrialised Newly The percent 2.8 to compared percent, 1 of rate slower significantly a at .year last weak the by contributed also this said ministry finance The their given products, electronic for particularly demand, external .sector the to exposure large as production in cutbacks and off levelling prices oil With in propects growth Turkey, in crisis financial ongoing the as well percent 3.2 to year last percent 6 from weakened have East Middle the .year this to continue to expected are fluctuations price oil said report The .East Middle the in growth influence the by n productio oil on set limits the relecting mainly This" .(OPEC) Countries Exporting Petroleum of Organisation in improvements to led have year last revenues oil Higher" countries, oil-exporting many in balances external and fiscal report the "Yemen, and Oman , Iran Kuwait, Arabia, Saudi especially the including initiatives trade regional recent that adding explained, Union, European the with Agreements Association the of negotiation World the into countries both of entry and Jordan, and Egypt involving the in growth for well augur to expected are (WTO) Organisation Trade ".region ahead pressing are East Middle the in countries many said It sector, public the of efficiency the improving as such reforms with to activities economic deregulating and privitisation introducing .investment foreign and domestic promote recorded that Europe Central and East Middle the in Countries in billion 4.US$22 totalling flows capital private net in increase an outflows net seen 1999, since have, crisis Asian East the during 1997 .year this billion US$34 totalling 7.1 to sharply decline to expected is growth America, Latin In caused primarily year, last percent 2.4 to compared year, this percent the and economy US the in slowdown the of impact contagion the by .Brazil in crisis energy the as well as Argentina in crisis financial percent 8.3 at higher be to expected however, is growth Africa In a and conditions weather improved by aided year, last percent 8.2 from .countries several in environment political stable more advanced most in low relatively remain to continued Inflation notable following 2000, in percent 3.2 of percent 4.2 at economies increases, price consumer lower as well as Japan in deflation price . Europe and US the in particularly following demand domestic weaker economies, developing the For lower result to expected also is activity economic in moderation in and year last percent 6 to compared percent, 9.5 of inflation .year last percent 22 from percent 4.16 transition, in countries fluctuations improvements, these nothwithstanding said report The could uncertainties economic or political of result a as prices oil in .concluded report the easing, monetary at efforts current negate BN/JB End