Parliament: On track for 5pc growth, says Najib

By Sunday November 30th, 2008 No Comments

KUALA LUMPUR: The Malaysian economy will be able to record 5% growth this year if a minimum 1.4% growth is achieved in the fourth quarter, Finance Minister Datuk Seri Najib Tun Razak said.

Speaking to reporters after attending the National Economic Council meeting here on Monday, Najib said the target of 3.5% growth next year could still be maintained.

This is of course based on two criteria: First, the stimulus package must be carried out effectively and second, the external environment does not deteoriate further.

With regards to whether the government would start a managed float or a minimum floor price for fuel, Najib said that an announcement would be made soon.

Source: The Star

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