Booklet WCY 29 Mei 2013 1 - MPC

MALAYSIA’S ECONOMIC PERFORMANCE AMONG THE BEST IN THE WORLD
18. The Malaysian economy performed better than
expected in 2012, with a higher growth of 5.6%
(2011:5.1%). The strong growth was supported by
resilient domestic demand, which cushioned the
negative impact of the weak external environment.
Domestic demand recorded its highest rate of
expansion for the decade, supported by stronger
consumption and investment spending. The continued
resilience in domestic demand was underpinned
largely by sound macroeconomic fundamentals; the
more diversified and balanced economic structure, the
stronger and more developed financial system and
greater flexibility in macroeconomic policies. The last
quarter of 2012 recorded a growth of 6.4% which was
the highest quarterly growth recorded in the last 3
years and has expanded the economic growth to 5.6%
for the year, despite an increasing volatile and
challenging global landscape. In 2013, GDP is
expected to grow by 5 to 6%.
19. There was also a sizeable improvement in
employment growth and unemployment remained at
a low 3%. With the implementation of mega projects
such as the KLIA2, Mass Rapid Transit (MRT) and the
second Penang Bridge, had contributed to
employment growth. In 2012, 39 projects were
implemented with investments amounting to RM32.1
billion which are projected to contribute RM6.63 billion
to GNI in 2020 and create 94,702 new jobs. Growth in
the services sector has further supported income
“Malaysia’s
economic
performance
has consistently been
ranked among the
top ten in the last
three years
(WCY 2011-2013).
This year’s
improvement by three
rungs to 7 th posion
from 10 th last year, is
mainly contributed by
a vibrant Domesc
Economy, strong
Internaonal Trade
and high
Employment growth”.
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