Trade and investments' contribution to Malaysia's GDP dropped from 38% in 2011 to 27% in 2021, driven by consumption and government spending. International Trade and Industry Minister Tengku Zafrul highlighted the need to boost productivity and ease of doing business. Malaysia's productivity growth is lagging behind ASEAN peers, and income levels remain low. The government targets a 20% growth in approved investments for 2023, despite challenges.ZAFRUL WARNS ABOUT LOWER TRADE CONTRIBUTION TO GDP
Trade and investments' contribution to Malaysia's GDP dropped from 38% in 2011 to 27% in 2021, driven by consumption and government spending. International Trade and Industry Minister Tengku Zafrul highlighted the need to boost productivity and ease of doing business. Malaysia's productivity growth is lagging behind ASEAN peers, and income levels remain low. The government targets a 20% growth in approved investments for 2023, despite challenges.
