World Economy

Malaysia’s Razak Seems Confident

Malaysia’s Razak Seems Confident Malaysia’s Razak Seems Confident

Malaysian Prime Minister Najib Tun Razak has reiterated his confidence that his country’s economy can weather the global challenges and ensure it stays strong, stable and on track, NewsNow reported. He said Malaysia posted a gross domestic product growth of 5% in 2015, despite the challenging and uncertain economic scenario. In his latest posting on his blog,, Najib said the economic success last year had placed the country among the best in the Asean region. “However, we should not take things easy, but work instead on proactive measures to ensure that the interest and well-being of the people are not neglected in the context of the nation’s development,” he added. On Thursday, the statistics department in a statement announced that Malaysia’s full year GDP was 5% compared to 6% in 2014. The statistics department said that in the fourth quarter of 2015, Malaysia’s GDP expanded at a slower pace of 4.5% compared to 4.7% in the third quarter.