SMEs seen contributing 33% to GDP this year

PUTRAJAYA: SME Corp expects local small-and-medium enterprises’ contribution to the country’s gross domestic product (GDP) this year to grow to 33%, considering its current growth momentum and the country’s healthy economy.

Chief executive officer Datuk Hafsah Hashim said the healthy Malaysian economy has allowed the sector to consistently exceed the economy’s growth rate, showcasing the country’s SMEs as a force to be reckoned with.