Conditions for achieving a high-income nation possible, say economists

Sunway University economics prof Yeah Kim Leng said high-income status is achievable if the country’s gross domestic product (GDP) growth is maintained above 4% annually and population increase remains below 1%.

KUALA LUMPUR: While economists agree that Malaysia is on track to become a high-income nation by 2026 if economic growth stays above 4% over the next three years, there remain critical challenges such income inequality, attracting more private investments and ensuring that inflation and currency issues are dealt with.

Sunway University economics prof Yeah Kim Leng said the high-income status is achievable if the country’s gross domestic product (GDP) growth is maintained above 4% annually and population increase remains below 1%.