Friday, February 18, 2011

PM Hints 6% GDP Growth

KUALA LUMPUR: The country is on track to achieve its developed nation target after gross domestic product (GDP) growth exceeded 6% last year, said Prime Minister Datuk Seri Najib Tun Razak.
The figure is crucial as the country needed to maintain a minimum growth rate of 6% for the next 10 years to achieve Vision 2020.

The official GDP figures would be announced today, but Najib said: “As a preview, I can tell you that the figure has exceeded 6%.”

Speaking at the launch of a programme on strengthening the Dewan Negara at Parliament House yesterday, Najib said Malaysia could achieve developed nation status if it had an annual average growth of 6% over 10 years.

At a press conference later, he said the growth rate was achievable unless affected by a global crisis.
“We are a major trading nation. If there is no external demand, it will affect us.

“If external factors are positive, we can attain moderate positive growth,” he said.

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