DNB: 5G technologies poised to boost GDP

According to the report, the projected increase in GDP would be driven by improvements in efficiency and productivity following the digital transformation enabled by 5G use cases

KUALA LUMPUR: The adoption of 5G technologies will have the potential to increase Malaysia’s gross domestic product (GDP) by 5% or RM122bil by 2030 and support the creation of 148,000 jobs, according to a forecast by Ernst & Young Consulting Services Sdn Bhd (EY) in a recently published report.

The report entitled Estimating the economic impact of the single wholesale 5G network in Malaysia was published by Digital Nasional Bhd (DNB) in conjunction with the National Digital Economy and 4IR Council meeting chaired by the Prime Minister recently.