12MP to achieve annual GDP growth of 5.5%

KUALA LUMPUR: The economy is on track to grow between 5% and 5.5% per annum for the remainder of the 12th Malaysia Plan (12MP), driven by domestic demand, particularly private sector expenditure.

According to the mid-term review of the 12MP (12MP MTR) 2021-2025 report, tabled in Parliament yesterday, the gross national income (GNI) per capita in current prices is projected to increase by 4.6% per annum to RM61,000 or US$14,250 in 2025.