Malaysian economy on track for more robust growth, after bold progress under Najib Razak

The Malaysian journey of economic progress over the past eight years under Prime Minister Najib Razak has been bold and courageous. We have pushed through with plans that ensure a secure and inclusive future for Malaysians.

The World Bank has raised Malaysia’s GDP growth forecast for 2018 to 5.4 per cent, on strong private-sector spending and private consumption. The International Monetary Fund is confident Malaysia’s economy will grow between 5 per cent and 5.5 per cent.

Malaysia also implemented the long-delayed, but necessary, goods and services tax. Policies were introduced to increase productivity, and address competitive challenges and critical skills deficits, designed to drive real income gains for lower-income families.

International agencies including Moody’s, Standard & Poor’s and Fitch Ratings have maintained Malaysia’s stable outlook with a credit rating of “A”.