KUALA LUMPUR: The government will need to focus on the digital economy and digital infrastructure as well as productivity in the 12th Malaysia Plan (12MP) to restore the country’s growth and realise the aim of becoming a high-income economy as early as 2024.
The World Bank, in its report titled Aiming High – Navigating The Next Stage of Malaysia’s Development, said the country’s gross national income per capita is estimated at US$11,200, just US$1,335 short of the current threshold level that defines a high-income economy.
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