KUALA LUMPUR, Nov 15 (Bernama) — Malaysia has the potential to achieve an economic growth of between 5.5 and six per cent as targeted for this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
He said this was based on positive economic performance in the previous quarter as well as the prevailing economic stability.
“Even though the gross domestic product (GDP) for the third quarter was less encouraging, the growth was still within the budget forecast.
“We have anticipated that there would be a slight drop (in the third quarter this year) from 6.5 per cent in the second quarter as it was linked to the prevailing world economic conditions, but was still within the forecast.
“Looking at the performance in the fourth quarter, we (the government) believe the forecast could be achieved.
“This is based on investment, export and foreign trade performance that would enable Malaysia to be ahead of many countries,” Mustapa told... Read More