KUALA LUMPUR: The 5.5% economic growth forecast for this year places Malaysia in the superb nations category, says Communications and Multimedia Minister Salleh Said Keruak.
He said Malaysia’s economic growth forecast was far better than that of the US (2.5%), UK (1.4%), Japan (1.4%) Germany (2.4%) and Singapore (2.5%), 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%, namely, 2.2% for advanced economies and 4.5% for emerging markets and developing economies.
“In the East Asia and Pacific region, the economic growth forecast is 6.2% to 6.4% for China and 5.3% for Indonesia. An economic growth of 2% to 3% is regarded as normal while 5% 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.”