Tan Sri Nor Mohamed Yakcop
KEPALA BATAS: The World Bank’s projection that Malaysia’s Gross Domestic Product (GDP)will continue to register strong growth in 2012 at about 4.6 per cent is good news for the country.
The Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop said this clearly showed the World Bank’s confidence in Malaysia by also stating it was a realistic projection.
“In Europe the GDP may just be one or two per cent. Even for the United Kingdom it is less than two per cent. Two per cent is also considered high among some countries. Many countries can’t even achieve more than three per cent. This is good news for Malaysia,” he added.
He was speaking to reporters after officiating the 9th Convocation Ceremony of the Community College for Perlis, Kedah and Penang here yesterday.
Nor Mohamed, who is also the Member of Parliament for Tasek Gelugor, said even in the context of an uncertain global economy, Malaysia could still attain a GDP projection of 4.6 per cent.
“Malaysia can achieve a GDP growth of five per cent if all concerned played their part by working harder.
“By doing so and based on domestic consumption which will be a very significant element
this year along with high commodity prices, we can be confident of achieving five per cent,” he added. — Bernama