News & Articles Malaysia in Top 20 fastest growing economies
Malaysia in Top 20 fastest growing economies
21 Apr 2015
Malaysia’s economy is set to grow between 4.5% and 5.5% this year, Prime Minister Datuk Seri Najib Razak said yesterday.
The growth rate will make Malaysia one of the 20 fastest-growing economies in the world.
Over the years with political stability and strong fundamentals, Malaysia’s economy has been on a steady and sustainable growth path,” he said on his official Facebook page.
Malaysia’s economy expanded by 6% last year with the services sector accounting for 55% of the country’s economy while manufacturing was 25%.
The country’s gross domestic product has grown at a compounded annual growth rate of 6% to RM835 billion last year from RM630 billion in 2009.
The growth rate will make Malaysia one of the 20 fastest-growing economies in the world.
Over the years with political stability and strong fundamentals, Malaysia’s economy has been on a steady and sustainable growth path,” he said on his official Facebook page.
Malaysia’s economy expanded by 6% last year with the services sector accounting for 55% of the country’s economy while manufacturing was 25%.
The country’s gross domestic product has grown at a compounded annual growth rate of 6% to RM835 billion last year from RM630 billion in 2009.
Source: The Rakyat Post