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MALAYSIA Tanah Tumpah Darahku

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10 APRIL 2024

Thursday, February 17, 2011

PM says 2010 economic growth topped 6pc

The country must maintain six per cent growth annually to achieve the Najib administration’s high-income nation aim. — file pic
KUALA LUMPUR, Feb 17 — Datuk Seri Najib Razak announced today that the country’s economy had surpassed the projected six per cent growth for last year.

The government had targeted to exceed six per cent annual growth despite a slowdown in the second half of 2010.

The prime minister did not to reveal the exact figure, however, but confirmed that it would not be in the double digits.

“No, we cannot (achieve double digits) because we must remember that the Malaysian economy was much bigger than it was 20 years ago.

“As you approach towards becoming a matured economy, you cannot get double digits but you can get reasonably high and I think six per cent is considered as a very creditable performance,” he told reporters during a press conference.

“You have to be realistic, no developed nation can achieve double digit [growth].”

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