Six percent GDP growth achievable, says Minister
March 3, 2010 by: editor
Malaysia’s targeted GDP growth of six per cent this year is achievable says Deputy Finance Minister, Awang Adek Husin.
The Minister said that the outlook was promising thanks to the improving global economic climate. “Exports will improve when foreign economies are improving and this will be translated into stronger demand. We see improvement on domestic demand and the timely increase in exports will certainly push our economy,” he told reporters.
The Minister said that consumer sentiment is growing and he pointed to statistics from the Malaysian Automotive Association which indicate that vehicle sales were up by 32.8 per cent in January 2010 to 50,622 units from 38,107 units in January 2009.
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