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Malaysia can be high-income economy in two years, says Mahathir Mohamad

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Christian Fernsby ▼ | July 11, 2019
Mahathir Mohamad
Asia   Mahathir Mohamad

An International Monetary Fund (IMF) report states that Malaysia can become a high-income nation within two years, says Prime Minister Tun Dr Mahathir Mohamad.

"Based on current assessment, Malaysia will be able to achieve a high-income economy by 2021 or 2022," he said.

He said that IMF's latest World Economic Outlook 2019 report revealed a positive outlook for Malaysia and the per capita income was expected to increase.

Dr Mahathir also said that the National Entrepreneurship Policy 2030 has come just in time, as global trade wars rage.

He said that in addition to a competitive and challenging global economic situation, Malaysia is currently facing much uncertainty with the ongoing trade war.

"For this reason, the national policy is needed and introduced at the right time," he said at the policy's launch ceremony.

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