Malaysia's productivity growth for 2023 is projected at a moderate 3% due to ongoing domestic and global economic challenges, stated Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He emphasised the need for enhanced productivity and competitiveness to improve the economy. Under the new Madani Economy framework, Malaysia aims to rank in the top 12 of the World Competitiveness Ranking. The recently launched Productivity Report 2023 highlights Malaysia's rise to 27th in the ranking, driven by an 8.7% GDP growth in 2022 and a 5.4% productivity recovery.
Also available in 'The Star', 'New Sarawak Tribune', 'The Sun'.PRODUCTIVITY GROWTH EXPECTED TO BE AT 3 PCT
Malaysia's productivity growth for 2023 is projected at a moderate 3% due to ongoing domestic and global economic challenges, stated Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. He emphasised the need for enhanced productivity and competitiveness to improve the economy. Under the new Madani Economy framework, Malaysia aims to rank in the top 12 of the World Competitiveness Ranking. The recently launched Productivity Report 2023 highlights Malaysia's rise to 27th in the ranking, driven by an 8.7% GDP growth in 2022 and a 5.4% productivity recovery.
Also available in 'The Star', 'New Sarawak Tribune', 'The Sun'.
