Recommended reading: Solid Growth, But Momentum Is Slowing by HashimH from Economics Malaysia, the latest addition to my blogroll.
"NAJIB GOT IT RIGHT". I've been thinking of what the 10.1 per cent GDP growth for Jan-March this year means for the people. The bottom 40 per cent, especially. It's the biggest quarterly economic growth Malaysia has recorded this decade. Back in the early 90s, double-digit GDP growth wasn't news. Which was why, I suppose, Dr M was so gung-ho about us achieving the developed nation status by 2020.
The last 5 years or so have been a rough patch for the economy. Are we on solid ground now? Can we expect an economic boom after this?
Dr Yeah Kim Leng, the top ecomomist at RAM Holdings, thinks Najib has got it right in terms of his economic policies, so far.
"When Prime Minister Najib took office, it was at the height of the global financial crisis. What we see here is that the PM has passed the most critical challenge of ensuring that we can withstand the synchronised global recession.
"The policies that are implemented have mitigated the effects of the global financial crisis to the extent that Malaysia did not suffer a hard landing," he said.
Read Bernama's Economists: Najib got it right.