Moderate growth more likely

According to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie, (pic) Malaysia’s potential gross domestic product (GDP) growth is only about 3% to 4%, and the country is likely to record a growth of just 4% this year.

PETALING JAYA: It is a tall order to achieve the higher end of the 4.5% to 5.5% growth forecast envisioned under the 12th Malaysia Plan (12MP), considering the country’s moderating growth over the past decade.

According to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie, Malaysia’s potential gross domestic product (GDP) growth is only about 3% to 4%, and the country is likely to record a growth of just 4% this year.