Malaysia can achieve 5.8 per cent growth in 2022, says Azmin


Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin is very confident Malaysia can achieve a Gross Domestic Product (GDP) growth of 5.8 per cent this year as projected by the World Bank.

“Malaysia is on the right positive track. The overall economic growth of 3.1 per cent in 2021 is an achievement and the World Bank has revised our economic growth for 2022 to 5.8 per 

“With the success of MPN, support from the private sector and industry as well as business chambers, I am confident Malaysia can achieve 5.8 per cent growth in 2022,” he said in an event in Pulai Spring Resort here, yesterday.

According to Bank Negara, Malaysia’s economy grew 3.6 per cent in the fourth quarter of 2021 compared with a contraction of 4.5 per cent in the preceding quarter.

 Azmin said the country recorded trade of over RM2.2 trillion while exports amounted to RM1.24 trillion last year, Bernama reported.
 
“According to the 12th Malaysia Plan (12MP) that was tabled in Parliament, by end-2025, the country’s export value must record RM1.25 trillion. We have already achieved RM1.24 trillion last year, meaning that we have succeeded in achieving the target four years earlier than targeted under the 12MP,” he said.

 

 


Graduate with a Master of Mass Communication. 10 years working experience in the media and broadcasting.

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