Malaysia needs to upgrade economy to escape middle-income trap: Fitch
Add BT as a preferred source
Singapore
MALAYSIA'S average real gross domestic product (GDP) is likely to slow to just 3.4 per cent over the coming decade, and it should upgrade its economy so it can escape the middle-income trap.
That's according to Fitch Solutions, which said in a recent report that the South-east Asian country has exhausted its avenues of growth provided by lower-level industrialisation.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Passing on values comes into focus as Asean’s family businesses hand over the reins
