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.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Growth , moderate , 12MP , projections , Lee Heng Guie , SERC ,

   

Next In Business News

Ringgit breaches 4.30 level against US dollar, hits 20-month high
Yuwang Plantation ups stake in NGGB to 7.5%
WTO guards third countries like Malaysia from US-China trade war
HeiTech Padu bags RM133.73mil contract from JPJ
FBM KLCI ends on a high note; Property Index surges 2.26%
Japan says Seven & i now 'core' to national security
Battersea Power Station secures global marketing agency Team Lewis at 50 Electric Boulevard
Proton's maiden EV undergoes extensive on-road testing
Singapore stocks track 5th weekly gain; FX up on bets of big US rate cut
Oil extends recovery to cap volatile week

Others Also Read