Joint Jeffrey Cheah Institute (JCI) – Malaysian Economic Association (MEA) Seminar: Revisiting the New Economic Model (NEM) – Lags and Prospects

Malaysia’s economy grew at an annual average rate of 7.7% in the 1970-1997 period, and so the official expectation in 2001 was that the economy would grow an average of 7.5% in the 2001-2010 period. The outcome has been disappointing as growth only averaged 4.6% annually in 2001-2016.

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