KUALA LUMPUR, Nov. 18, 2009 (Xinhua News Agency) -- Excitement comes in Malaysia only when the country's economy registers a growth of beyond five percent, a Malaysian official said here on Wednesday.
It would be of course very exciting if the growth hits six percent, Malaysian Minister in the Prime Minister's Department Nor Mohamed Yakcop said after opening the Association of Private Hospitals of Malaysia International Healthcare Travel Conference 2009.
The World Bank estimated that Malaysia's gross domestic product to grow by 4.1 percent in 2010, higher than the Malaysian government's target of three percent.
The bank also predicted that Malaysia's economy will return to its potential six percent average growth by 2012.
Commenting on the World Bank's prediction, Nor said that a three to four percent growth was good but very anemic.
He added that the Malaysian government was thinking of how it could get the five to six percent growth in coming years to achieve Vision 2020.
Vision 2020, mooted by former Malaysian Prime Minister Mahathir Mohamad, spells out the country's aim to become a high-income developed nation by 2020.
Nor said the Malaysian government would ensure that high growth sectors like medical tourism spurs as they will help Malaysia become a high-income nation.
He said that the Malaysian government was targeting a two percent growth in the industry currently and five percent over the longer term as it had been growing by less than one percent since 2006.
