Posted on 05 Mar 2008
Malaysia’s GDP growth at 5.8% by 2050
Malaysia's
gross domestic product (GDP) growth is expected to be at 5.8% per annum by
2050, just below the average 6.4% per annum predicted for E7 economies
comprising China, India, Brazil,
Mexico, Russia, Indonesia
and Turkey,
according to a new report by Pricewaterhouse Coopers LLP (PwC).
PwC Malaysia
managing director Chin Kwai Fatt said Malaysia's challenge would be to
remain relevant and competitive against its neighbouring countries.
“Malaysia
should capitalise on its abundant resources - from real estate to palm
plantation harvests - to supply to the region's burgeoning industrial and
consumer markets,” he said in a statement yesterday.
PwC said investors would have to look beyond Brazil, Russia,
India and China (BRICs)
for future growth opportunities.
Its latest report, The World in 2050: Beyond the BRICs,
suggested that the long-term prospects for China,
India
and other E7 economies were still upbeat.
