The gross domestic product (GDP) growth of 4.5 per cent in the fourth quarter of 2016 has once again proved that the country is not on the edge of bankruptcy and in crisis, as alleged by the opposition, said Prime Minister Datuk Seri Najib Tun Razak.
Bank Negara Malaysia today announced that the country's economy had grown by 4.5 per cent in the fourth quarter of 2016, supported by the continuous growth in the private sector's expenditure, leading to a total year on year growth of 4.2 per cent.
"Thank God! Our economic planning management in the face of last year's global challenges had succeeded, and we will continue our efforts to ensure that the country's economy will remain at a healthy level and will continue to grow from time to time," he said in his official blog today.
PM Najib, who is also the Finance Minister, said as of Jan 31, 2017, the country's reserves stood at US$95 billion (RM426 billion). -- Bernama
Bernama
Thu Feb 16 2017
PM NAJIB: "Thank God! Our economic planning management in the face of last year's global challenges had succeeded." - FILEpic
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