KUALA LUMPUR: The 5.5 per cent economic growth forecast for this year places Malaysia in the superb nations category, says Communications and Multimedia Minister Datuk Seri Salleh Said Keruak.
He said Malaysia’s economic growth forecast was far better than that of the US (2.5 per cent), UK (1.4 per cent), Japan (1.4 per cent) Germany (2.4 per cent) and Singapore (2.5 per cent), and should dispel the impression given by some that Malaysia would go bankrupt.
“The World Bank global economic growth forecast for 2018 is 3.1 per cent, namely, 2.2 per cent for advanced economies and 4.5 per cent for emerging markets and developing economies.
“In the East Asia and Pacific region, the economic growth forecast is 6.2 per cent to 6.4 per cent for China and 5.3 per cent for Indonesia. An economic growth of 2 per cent to 3 per cent is regarded as normal while 5 per cent and upwards is superb,” he said in a blog post last night.
Salleh said the opposition often played up rhetoric that gave the impression that Malaysia would become bankrupt.
This includes Pakatan Harapan prime ministerial candidate Dr Mahathir Mohamad who said that Malaysia was going to the dogs, he added.
“Actually, all these are opposition lies and what is really taking place is actually the opposite of what they claim.” – Bernama