World Bank revision proves M’sia can hit target

Better outlook: A container ship is seen at Westports, Port Klang. The World Bank has released its bi-annually Global Economic Prospects, in which Malaysia’s GDP forecasts for 2017, 2018 and 2019 have been revised upward by 0.6, 0.4 and 0.5 respectively.

KUALA LUMPUR: The upward revision of Malaysia’s gross domestic product (GDP) by the World Bank affirmed that Malaysia can achieve its target to become a developed nation by 2020 if the economy continues to sustain its rapid growth.

Minister in the Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan said the World Bank’s upward revision on Malaysia’s GDP growth proved that Malaysia was on an accelerated track to achieve developed economy status by 2020.