Saturday, September 25, 2010

6% or 9% to achieve high income economy ?

KUALA LUMPUR, Sept 24 — Lembah Pantai MP Nurul Izzah Anwar continued to pick at the Economic Transformation Plan (ETP) today and urged the prime minister to clarify if Malaysia needed more than the oft-repeated six per cent annual GDP growth to achieve high-income status by 2020.

Calling the six per cent target frequently cited by Prime Minister Datuk Seri Najib Razak “misleading”, the PKR lawmaker pointed out that Malaysia had to book at least nine per cent growth per annum to achieve RM1.7 trillion in gross national income (GNI) in 10 years from current levels.


Sometimes I wonder if oppositions are asking the right questions or they have lost the plot...

Honestly, between the differential of 3%, is it something we really need to get to the n-th degree of analysis...

I mean, first, whatever argument would be to examine on assumptions of what is considered a high income economy in next 10 years... if you have 10 economist, I am pretty sure you probably get 8 different answers... and that's before you get the statisticians in...

If we are able to achieve 6% growth rate and not 9% annually, should we complain ?

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