Wednesday, December 21, 2011

#Flash* Government maintains 2011 and 2012 GDP forecast, says Najib

Larger Smaller Reset KUALA LUMPUR (Dec 21): The government is maintaining its 2011 and 2012 gross domestic product (GDP) growth forecast despite the prospect of weaker external trade, said Prime Minister Datuk Seri Najib Tun Razak

He said the country's GDP growth forecast for 2011 still stood between 5% and 5.5% while 2012 figures were maintained at 5%, helped by strong domestic demand.

'We are still committed to 5% in 2012 barring any catastrophic events,' he said after officiating the launch of the Financial Sector Blueprint on Wednesday.

Najib said domestic demand would be spurred by government development expenditure, private investments and foreign direct investments.


No comments:

Post a Comment