Source From (The Sun Daily): http://www.thesundaily.my/news/329870
Posted on 23 March 2012 - 05:25pm
Last updated on 24 March 2012 - 01:55pm
KUALA LUMPUR (March 23, 2012) : The four to five
per cent projected economic growth for Malaysia this year is good and is
not out of the proposed growth for South East Asia or Asia.
Going by the International Monetary Fund's projection, Asian
countries' economy would grow by five per cent this year, Deputy Finance
Minister Datuk Dr Awang Adek Hussin said today..
"If we attain four to five per cent growth, we are around there.
However, when compared with the initial 5-6 per cent projected growth,
it's definitely a decline.
"If some people say we cannot achieve the growth as we had projected
earlier for this year in the 2012 Budget, this is due to global
developments, the world
economic climate seems to be weak vis-a-vis our earlier expectations... 4-5 per cent is a good growth.
"It's good to be conservative. If we achieve a good growth, it's a
bonus. If we get five per cent, we'll be very grateful to God. The world
economy now is very unpredictable," he told reporters after launching
Exim Bank's two takaful credit products.
Awang Adek said Malaysia posted a growth in January despite a drop in exports.
"We're are optimistic and are confident over this growth. We still have domestic sources of growth," he added. - Bernama
No comments:
Post a Comment