Malaysia Prime Minister: confident to maintain 5% of annual economic growth.
Date：2014/08/07
[Xinhuanet] Malaysia Prime Minister Najib Tun Razak in Kuala Lumpur on the 12th said that government is confident to maintain 5% annual economic growth.
Department of Statistics Malaysia data show that Malaysia economy has achieved high growth of 6.2% in 1st quarter. Najib analysis that major impetus by strong domestic demand and strengthening of foreign trade. Other supporting factors include high level of foreign exchange reserve, active of investment, low unemployment rate, perfect financial system and so on. He believes that this is also depends on stability of domestic political and confidential of investor to government’s policy.
World Bank’s report said, United State economy has not fully recovered caused by the dispute between Russia and Ukraine. World Bank expected to lowered 2014 global economic growth, but still expected Malaysia to have a 4.9% high growth.
Also serve as the Minister of Finance Najib said, with encouraging data and 6.2% high achievement of economic growth in first quarter, government is confident that continuing growth and achieve yearly 5% growth in the second quarter.