Upside Risk To Malaysia 2011 GDP Forecast Of 4.6%-CS

Credit Suisse says there is an upside risk to its 2011 real GDP growth forecast of 4.6% for Malaysia. 

It says the country is likely to outperform the region as it expects domestic demand to hold up better than that of the other small open economies in the region. 

"We expect private consumption growth to remain robust, partly due to high palm oil prices. 

 In addition, fiscal spending from the government should continue to help boost spending in the next few quarters," the house says. 

It also says the industrial output index has turned out to be resilient. Malaysia's industrial output expanded 2.8% on year in October vs market expectations for a 1.4% expansion according to a Dow Jones survey. It rose a revised 3.0% in September.

 The house keeps its 2012 GDP growth forecast unchanged at 4.8%.(an