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European debt crisis led Malaysia fasteners serious economic

So far, Malaysian exporters may have withdrawal the market of Europe, in favor of developing countries and emerging economies.    The sharp drop in orders from Europe as well as the decline in demand for funding problems brings a negative impact.    The euro-zone economy has been two consecutive quarters of shrinking, economists expected the last three months of 2012 the euro area's GDP will decline further, forcing companies to lay off employees in order to reduce costs.
    The European Central Bank (ECB) is expected in 2012 and 2013, the euro zone economy will shrink by 0.5% and 0.3%, respectively. January 1, 2013, the Eurostat data show that in November last year, the euro zone unemployment rate increased by 11.7% in October to 11.8 percent, a record high, which is the highest since 1995.    Market problems facing European view of Malaysian exports, the Osk study (OSK Research Sdn Bhd) analyst Danny Chan Tzu Chang said, even if some of the company's profit is not very bleak, but if the European debt crisis does not appear, the profits of these companies will will be higher.
    December 2007 to March 2009, KNM company closely linked because of the wealth and the euro zone debt crisis, nearly 80% decline in the price per share of the company in the past two years.
    The analysts believe that, The KNM revenue comes from its core business of manufacturing process equipment, as well as successful investment projects in the UK, these will affect KNM market insight.
    Malaysia Rashid Hussein Bank (RHB Research Institute Sdn Bhd) analyst Mohd Faisal pointed out in a recent research report, "We think the KNM's development prospects will be optimistic and non-optimistic coexistence."
About two years ago, to invest 22 billion ringgit waste renewable energy projects in the UK since the company announced its yet to make the project implementation of affirmative measures, because the British partners in financing guarantees have not been resolved.
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