Tuesday, November 4, 2008

Breaking News-PREVIEW-No big spending plans from Malaysia's PM to be

KUALA LUMPUR, Nov 3 (Reuters) - Malaysia's prime minister in waiting is set to announce plans to aid the economy on Tuesday, although few economists expect any big pump-priming measures as the country prepares for an export-led growth slowdown.
Najib Razak, deputy prime minister and finance minister, has already said economic growth will likely be cut from the 5.4 percent planned for next year and that the budget deficit will rise from the 3.6 percent of gross domestic product expected in 2009.