Malaysia
risks missing its goal of becoming a high-income nation as it has lost
its edge as a low-cost producer and lacks the investment to compete in
more advanced industries, the World Bank warned today.
In
its first country report on Malaysia, the Washington-based body also
said that as a trade-dependent country, Malaysia should not unwind its
RM67 billion in economic stimulus as that could choke off a nascent
recovery.
According
to World Bank data, private investment in Malaysia fell to 12 per cent
of gross domestic product in 2008 compared with 30 per cent prior to
the Asian crisis.
The
bank was, however, less optimistic on the government’s plans to slash
the budget deficit in 2010 to 5.6 per cent of GDP, forecasting that it
would be 6.4 per cent of GDP. - Reuters
Melayu:
What?..I don't know sepatah habuk...
I don't understand....
LOL!