V-Shape Economic Rebound For Malaysia

Erhm... published on Business Times: 'Economic rebound will be V-shaped'

• 'Economic rebound will be V-shaped'
  
  Published: 2009/03/26
  
  ECONOMISTS are optimistic that Malaysia's economy will quickly rebound this year after it shrinks, or an event commonly known as a V-shaped recovery.
  
  Bank Negara Malaysia's newly-appointed assistant governor Dr Sukhdave Singh said at worst, Malaysia's economy will contract by 1 per cent when it feels the full brunt of a global recession.
  
  HSBC economist Robert Prior-Wandesforde expects Malaysia's economy to shrink 3.5 per cent this year.
  
  "It will be a difficult first half but we should see recovery as soon as in the second half of this year."
  
  They were speaking to reporters after participating in a seminar organised by the Malaysian Economic Association and Universiti Malaya's Economics Faculty in Kuala Lumpur last night.
  
  Prior-Wandesforde said Asian banks were better off than their peers in developed nations.
  
  "The US banks had cunningly sold toxic assets to many other banks in Europe. Asian banks, however, had wisely avoided buying these toxic assets in the form of sub-prime property loans," he said.
  
  Also, in the last decade, Malaysia has shifted more exports to China, India and Southeast Asia.
  
  "V-shaped recovery is normal in Asia," he added.
  
  The HSBC economist said Malaysia should start seeing growth in the first quarter of 2010 because interest rate cuts by central banks across the region will promote trade and growth.

V-shaped recovery is normal in Asia??

Sure?

How IS Japan doing all these years?

And how same is this time compared to last time?