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3.5pc growth no longer realistic, Najib admits

By Shannon Teoh

KUALA LUMPUR, Feb 17 - Finance Minister Datuk Seri Najib Razak today admitted that the government’s projected 3.5 per cent economic growth for 2009 would have to be reviewed, given the growing economic uncertainty.

Najib, who is also deputy prime minister, answered a whopping 15 questions simultaneously on steps that the government was taking to address the economic crisis in Parliament today, reflecting concerns over whether Malaysia would fall into negative growth that has already blighted other economies such as the United States, United Kingdom, Japan and Singapore.

He said that despite taking into account the RM7 billion stimulus package that was announced on Nov 4 last year, “the projected 3.5 per cent growth no longer reflects the current status of the economy.”

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