Emerging Market Growth Prospects: Malaysia

Description

Malaysia is striving to become to a developed nation by 2020, and in line with this, the Economic Transformation Programme (ETP), launched in 2010, aims to help Malaysia attain the status of a high-income nation by 2020. The ETP is expected to attract investments worth $444 billion during 2010–2020. Despite the anticipated negative effects of weak external demand in 2013, robust domestic demand and rising investments are expected to support growth in 2013. Rubber, electronics, healthcare, and oil and gas, are expected to receive prioritized government support until 2020, as these industries have been included as National Key Economic Areas (NKEAs) in Malaysia’s ETP.