Wednesday, February 16, 2011

GDP growth in 2010 exceeded 6%, hints PM

Published: Thursday February 17, 2011 MYT 11:11:00 AM
Updated: Thursday February 17, 2011 MYT 1:07:01 PM


KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak hinted Thursday that the country's Gross Domestic Product (GDP) growth for 2010 may exceed 6%.

The official GDP figures will be announced Friday, he told reporters after officiating a programme to enhance Dewan Negara's activities, at Parliament House here.

Asked if Malaysia was capable of recording double-digit growth in future, Najib, who is also Finance Minister, said: "No, we cannot. Because you must remember that the Malaysian economy is much bigger than it was 20 years ago.

"As we approach to become a matured economy, we cannot get double-digit (growth) but we can get reasonably high. And, I think 6% is considered a very creditable performance.

"We have to be realistic. No developed nation can achieve double-digit."

He also said the country was on track to achieve Vision 2020. - Bernama

http://thestar.com.my/news/story.asp?file=/2011/2/17/nation/20110217112102&sec=nation

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