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Saturday, March 8, 2008

Healthy growth of GDP in Malaysia


Since the early of 90s, Malaysia has been enjoying a robust GDP growth between an average of 7-9%. Until recently, the growth rate is stabling between 5% to 6%. From export oriented economy and moving into services oriented. The milestones are changing to further stimulate internal growth as the government is pouring bullets into building the local infrastructures and creating special economic zones in its yearly fiscal policy and master growth plan. Even the growth of our neighbor's countries like Singapore, Thailand, Indonesia, Vietnam and Philippines are enjoying a splendid growth. It is not becoming a competition in overall cause all countries have their own unique niche to certain extend. This combination is creating a unique ASEAN's economy like the European Union. For the next 5 years, we forecast a growth rate between 4.5% to 5.5% due to the slow down in US economy and also sky high commodities prices that will need time of everyone to adjust.

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