He said Malaysia’s strong domestic demand, foreign tourists inflow and intra-Asian trade will provide the buffer against the global economic situation.
“Malaysia’s trade to the United States and European countries have been reported to have decreased for the first half of this year.
“That does not really affect Malaysia’s economic performance because most of is major trading partners remain in Asia, which is currently the region of growth,” Lim told reporters after delivering his closing address at the 17th Malaysian Capital Market Summit 2012, here, yesterday.
The government aims to register a GDP expansion of 4.5 per cent to five per cent this year.
On the third quarter GDP growth, Lim said it is expected to be “softer than the 5.4 per cent registered in the second quarter.”
He, however, declined to mention any specific figure for the quarter.
“I should not speculate on figures. But we remain committed to achieve our full-year target.”
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the Economic Transformation Programme and the Government Transformation Programme as diverse sectors propelling the economy to compete globally.
ReplyDeleteCM Musa Aman said that as the state progresses into the Tenth Malaysia Plan and the Sabah Development Corridor, the government will continue to plan and implement timely projects with the overall aim of uplifting the standards of living.
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