Miti committed to 5.8% GDP growth

Senior Minister and Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali (pic) said the projection is achievable with the support of the National Recovery Council (MPN), private sector, industries and business chambers.

JOHOR BAHRU: The International Trade and Industry Ministry (Miti) is committed to ensuring that Malaysia can achieve a gross domestic product (GDP) growth of 5.8% this year as projected by the World Bank.

Senior Minister and Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said the projection is achievable with the support of the National Recovery Council (MPN), private sector, industries and business chambers.

He said that based on Bank Negara’s data, Malaysia’s economy grew 3.6% in the fourth quarter of 2021 compared with a contraction of 4.5% in the preceding quarter.

“This means Malaysia is on the right positive track. The overall economic growth of 3.1% in 2021 is an achievement and the World Bank has revised our economic growth for 2022 to 5.8%,” he said during a dialogue session here over the weekend. — Bernama