Malaysia among world’s top economies by 2050, study claims

Reading Time: 2 minutes

Malaysia will become the 24th biggest economic powerhouse by GDP in the world by 2050, according to consultancy PwC in its latest “The World in 2050” report.

The analysts are of the opinion that Malaysia it is among the countries with the greatest potential for sustainable long-term growth, alongside a few others with similar perceived potential such as Colombia and Poland.

The period is also covered by Malaysia’s Transformasi Nasional 2050 strategy, is an initiative to plan for the future of Malaysia up to 2050.

The message came to the attention of the public through Malaysia’s Prime Minister Najib Razak, who presented it in his blog Najibrazak.com where he said that an additional important factor for the strength of an economy was foreign investors’ confidence.

“Malaysia’s GDP in the first quarter superceded economists’ forecast at 5.6 per cent and again in the second quarter at 5.8 per cent. This was far higher than last year’s four per cent,” Najib noted.

“These achievements have benefited the people immensely, paving the way for the government to build better infrastructure and services such as hospitals and clinics, as well as provide for the less fortunate, among others,” he added.

On the importance of ensuring that the country remains steadfast on its route towards better economic trajectory, Najib said it was crucial that the growth be maintained.

He said these achievements would benefit the people, as the strengthening economy enabled the government to provide better services to the people, such as building more hospitals and clinics, and providing aid to the less fortunate.

“In conclusion, a nation’s economic growth does not happen in a day or in a short time. It takes a long time and careful planning, he noted.

“But, it can be undone in the blink of an eye. Therefore, we should not get involved with any elements or parties which are trying to undo what we have been doing, because this is our homeland,” he said, obviously hinting at next year’s election when his ruling coalition is likely to come under pressure from the opposition backed by his opponent Mahathir Mohamad who has vowed to defeat Najib at the polls.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

Malaysia will become the 24th biggest economic powerhouse by GDP in the world by 2050, according to consultancy PwC in its latest “The World in 2050” report.

Reading Time: 2 minutes

Malaysia will become the 24th biggest economic powerhouse by GDP in the world by 2050, according to consultancy PwC in its latest “The World in 2050” report.

The analysts are of the opinion that Malaysia it is among the countries with the greatest potential for sustainable long-term growth, alongside a few others with similar perceived potential such as Colombia and Poland.

The period is also covered by Malaysia’s Transformasi Nasional 2050 strategy, is an initiative to plan for the future of Malaysia up to 2050.

The message came to the attention of the public through Malaysia’s Prime Minister Najib Razak, who presented it in his blog Najibrazak.com where he said that an additional important factor for the strength of an economy was foreign investors’ confidence.

“Malaysia’s GDP in the first quarter superceded economists’ forecast at 5.6 per cent and again in the second quarter at 5.8 per cent. This was far higher than last year’s four per cent,” Najib noted.

“These achievements have benefited the people immensely, paving the way for the government to build better infrastructure and services such as hospitals and clinics, as well as provide for the less fortunate, among others,” he added.

On the importance of ensuring that the country remains steadfast on its route towards better economic trajectory, Najib said it was crucial that the growth be maintained.

He said these achievements would benefit the people, as the strengthening economy enabled the government to provide better services to the people, such as building more hospitals and clinics, and providing aid to the less fortunate.

“In conclusion, a nation’s economic growth does not happen in a day or in a short time. It takes a long time and careful planning, he noted.

“But, it can be undone in the blink of an eye. Therefore, we should not get involved with any elements or parties which are trying to undo what we have been doing, because this is our homeland,” he said, obviously hinting at next year’s election when his ruling coalition is likely to come under pressure from the opposition backed by his opponent Mahathir Mohamad who has vowed to defeat Najib at the polls.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid