Malaysia middle class to increase by 2020

If Malaysia’s ambitious Economic Transformation Programme is successful, the country might see an increase in its middle class of up to 3.3 million people by 2020.  The upper middle class income group might grow as much as 260%.  The government programme stresses development in the manufacturing and service industries, in technology, and in environmentally friendly industry.

Currently, Malaysia’s GDP is about $247 billion, and the goal by 2020 is for it to hit $520 billion.  In order to achieve this target, the economy must grow at around 6% a year, especially in the fields listed in the Economic Transformation Programme. Government officials are confident that such strides are possible for Malaysia.

 



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If Malaysia’s ambitious Economic Transformation Programme is successful, the country might see an increase in its middle class of up to 3.3 million people by 2020.  The upper middle class income group might grow as much as 260%.  The government programme stresses development in the manufacturing and service industries, in technology, and in environmentally friendly industry. Currently, Malaysia’s GDP is about $247 billion, and the goal by 2020 is for it to hit $520 billion.  In order to achieve this target, the economy must grow at around 6% a year, especially in the fields listed in the Economic Transformation Programme....

If Malaysia’s ambitious Economic Transformation Programme is successful, the country might see an increase in its middle class of up to 3.3 million people by 2020.  The upper middle class income group might grow as much as 260%.  The government programme stresses development in the manufacturing and service industries, in technology, and in environmentally friendly industry.

Currently, Malaysia’s GDP is about $247 billion, and the goal by 2020 is for it to hit $520 billion.  In order to achieve this target, the economy must grow at around 6% a year, especially in the fields listed in the Economic Transformation Programme. Government officials are confident that such strides are possible for Malaysia.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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