KONTAN.CO.ID - KUALA LUMPUR. Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation's previous target, Prime Minister Anwar Ibrahim said on Monday. The lower forecast comes as Malaysia's economy takes a hit from a global slowdown. Growth was the slowest in nearly two years in the second quarter as exports slumped. Malaysia had earlier targeted growth of 4.5% to 5.5% annually between 2021 and 2025 as part of its five-year economic growth plan.
Malaysia Targets at Least 5% Economic Growth Annually Until 2025
KONTAN.CO.ID - KUALA LUMPUR. Malaysia is aiming for economic growth of at least 5% annually until 2025, lower than the Southeast Asian nation's previous target, Prime Minister Anwar Ibrahim said on Monday. The lower forecast comes as Malaysia's economy takes a hit from a global slowdown. Growth was the slowest in nearly two years in the second quarter as exports slumped. Malaysia had earlier targeted growth of 4.5% to 5.5% annually between 2021 and 2025 as part of its five-year economic growth plan.