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October 14, 2008 21:02 PM

Malaysia's Economy Has Domestic Resilience To Achieve 5 Percent Growth This Year, Says Najib

KUALA LUMPUR, Oct 14 (Bernama) -- Malaysia's economy has the "domestic resilience" to register five percent economic growth this year, Deputy Prime Minister Datuk Seri Najib Tun Razak assured Tuesday.

"For this year, we're confident our country has the domestic resilience to face the uncertainties in the global economic landscape which is getting serious and will surely have an impact on our country," he said.

Najib, who is also Finance Minister, gave an assurance that Malaysia would not slip into a recession this year.

"We're still confident of achieving a reasonable economic growth this year, our projection is that we can still manage to register a five percent growth.

"However, we need to revisit our growth projection for next year, as we need to take into account developments in the world economy which are becoming increasingly critical," he told a media conference after attending the Dewan Rakyat session.

Reiterating that the government was closely monitoring developments unravelling in the global economic scene, the deputy prime minister said fresh pre-emptive measures in the form of "stabilisation plan" would be decided and announced on Monday.

-- BERNAMA

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