Choppier growth for Asia in 2016: Nomura
Malaysia's growth is seen moderating to 4% in 2016 with a further 4.5% downside to the ringgit
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Kuala Lumpur
GLOBAL banking group Nomura is projecting even choppier growth in Asia ex-Japan next year with GDP (gross domestic product) expansion slowing further to a forecast 5.7 per cent as it faces structural headwinds especially those emanating from China's economic slowdown.
Malaysia's growth is seen moderating to 4 per cent in 2016 with a further 4.5 per cent downside to the ringgit (reaching 4.40 from about 4.20 at present).
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