Malaysia

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There has been mixed news on the Malaysian economy of late, with revised estimates suggesting it may fall further than first expected as a result of the global recession but bounce back more quickly, while some figures are hinting that the bounce has already begun.
Malaysia has high hopes it can transform its well-developed health services sector into a growth industry by promoting medical tourism, while opening up the sector to greater overseas investment.
Malaysia's construction industry is set to rebound from the slowdown of the local economy, with both private and state funds flowing to new projects that are helping to boost confidence as the country works to increase future supply of infrastructure and property.
Like the country's economy, Malaysia's political scene is experiencing a shake up, with some events directly linked to the fallout from the global financial crisis and others of a more domestic nature.
Though Malaysia's economy has contracted at a faster rate than previously predicted in the opening months of the year, as the effects of the global recession take their toll, there are signs the worst could be over.
Malaysia's IT industry could be facing a shake up period as it comes to terms with new reforms that will increase competition in the sector at a time when the country's economy is slowing amid the global financial crisis.

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