ID :
153604
Thu, 12/16/2010 - 06:01
Auther :

GOVT CONFIDENT OF SEVEN PCT ECONOMIC GROWTH THIS YEAR

KUALA LUMPUR, Dec 15 (Bernama) -- The government is confident of a
seven per cent economic growth in 2010 following the positive growth recorded in
the first nine-months of the year.

Minister in the Prime Minister's Department Nor Mohamed Yakcop said economic
growth this year would be more favourable than forecast earlier although there
were still signs of global economic instability.

"We are confident of attaining a positive figure in the fourth-quarter of
this year and a seven per cent growth for 2010," he told reporters after
witnessing a signing agreement between Malaysia Building Society Bhd (MBSB),
Bank Pembangunan Malaysia Bhd and Inovatif Mewah Sdn Bhd here Wednesday.

On the economic outlook for next year, Nor Mohamed said it was expected to
be challenging against a backdrop of economic instability in several European
countries.

However, he said the country has taken several steps to ensure continued
economic growth.
-- BERNAMA


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