Malaysia's GDP sets to grow: PM

Prime Minister Datuk Seri Najib Tun Razak had expressed optimism that Malaysia's Gross Domestic Product (GDP) would grow strongly.

"Insya-Allah, M'sia's GDP growth looks set to grow strongly," he said in his Twitter account today, adding the United States and Europe's recovery helped grow Malaysia's exports by 18.9 per cent.

In his posting, the Prime Minister referred to a Bernama report yesterday titled 'Malaysia's Economic Outlook For 2014 Remains Strong, Says World Bank'.

Bernama quoted World Bank Senior Economist for Malaysia Dr Frederico Gil Sander as saying that Malaysia's economic growth outlook for 2014 remains strong, underpinned by strong external demand.

Sander said improvements in exports since end-2013 had continued into the first quarter of this year, following positive developments in the advanced economies.

"A lot of Malaysia's (exports) still come from the advanced economies."

"The fact that these economies are doing well amid positive developments in the United States and Europe over the last two months, tends to help the external sector and drive growth for the year," he told reporters on the sidelines of the Invest Malaysia 2014 yesterday.

In April 2014, exports rebounded strongly by 18.9 per cent, suggesting a very strong GDP growth ahead.

Malaysia's GDP expanded by 6.2 per cent in the first quarter of 2014 over the same quarter of the previous year. The GDP growth is expected to end the year at between 4.5 and 5 per cent.

/Bernama 10-06-2014

Disclaimer: Views or opinions expressed are solely those of the Author and should be used with discretion. The Author shall not be held liable for any acts or omissions arising from the use of the information. The user will be personally liable for any damages or other liability arising hereof.

Post a Comment