Najib confident of country's 'high-income' goal

He sees Malaysian growth at 4.5-5.5% this year, cites successful introduction of GST, points to continued investment in Malaysia

Lee U-Wen

Published Tue, May 5, 2015 · 09:50 PM

Najib Razak

Singapore

THE Malaysian economy is faring well and Prime Minister Najib Razak on Tuesday reiterated his commitment to ensure the country reaches "high-income status" by 2020.

Speaking at the Economic Society of Singapore's (ESS) annual dinner at the Shangri-la Hotel, he shared how Malaysia's gross domestic product (GDP) grew 6 per cent in 2014.

He noted how these figures were achieved at a time when the global economy was facing many challenges, including the decline in oil prices and other major export commodities.

"I am confident that this year we can achieve economic growth of between 4.5 to 5.5 per cent, and I think it will be closer to the latter figure. Over the next four years, the OECD (Organisation for Ec…