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Wednesday, November 18, 2009
Malaysia’s gross domestic product (GDP) may rise to 6% by 2012
Malaysia’s gross domestic product (GDP) may rise to 6% by 2012, driven by Government reforms and as the global economy continues to recover, a World Bank economist said. The Government expects the GDP to expand 3% in 2010, against a forecast of 4.1% by the World Bank. It also sees the economy shrinking 3% this year, less than an earlier forecast of a contraction of 4% to 5%. World Bank senior economist Philip Schellekens said the 6% growth was achievable as reforms have encouraged more private sector articipation and greater productivity. (StarBiz)