Malaysia on right economic growth trajectory – Najib

KUALA LUMPUR: Sound government policies have put Malaysia on the right track towards becoming an advanced high income nation, said Prime Minister Datuk Seri Najib Tun Razak.

He said this was evident with the move by the World Bank which had raised its forecast for Malaysia’s Gross Domestic Product (GDP) in 2018 to reach 5.4 per cent from 5.2 per cent previously.

Najib, who is also Finance Minister, said in 2017, the World Bank revised upwards the country’s GDP three times.

“Within one year and three months (till March 2018), the World Bank has revised (the forecast) upwards four times.

“This proves that we are on the right trajectory,” he said at the ‘Hitea with Anak-Anak Pahang in the Klang Valley’ event during the weekend.

Najib said the World Bank also projected that Malaysia could be categorised under the advanced high income nation by 2022.

Meanwhile, the prime minister said the implementation of the high-impact East Coast Rail Link (ECRL) project would definitely give a new breath of life to development in Pahang and benefit the people of the state.

He said the approximately 20-kilometre-long ECRL underground tunnel from Genting to Bentong would also be the longest underground rail tunnel in Southeast Asia. – Bernama