Under the 12MP, the government expects real GDP growth to come in at between 4.5% and 5.0% per annum during the 12MP period, compared with 2.7% in the previous plan period when it did not have to contend with the aftermath of lockdowns.亚马逊云账号（www.2km.me）提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售，提供api ，质量稳定，数量持续。另有售azure oracle linode等账号.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) believes greater clarity to development planning is not only necessary to reshape the economy in the post-pandemic era, but more importantly, to tee up the private sector of things to come.
In its analysis of the 12th Malaysia Plan (12MP) on Tuesday, it said: “Until we see greater details in the 12MP, we expect the private sector to remain timid, taking a wait-and-see stance”.
MARC said the 532-page official document starts by taking stock of the Vision 2020 and 11MP achievements but falls short of weighing the rationale and costs of unmet targets.
“The lack of criticism of past growth targets, however, is understandable. Given that the 11MP fell in between a political cycle, the historic fall of Barisan Nasional and other series of political drama following the 14th General Election (GE), the continuation of Malaysia’s development targets was disrupted.
“The downside to policy continuation remains as the 12MP will witness another general election between now and July 2023. Given there will be around 5.6 million new voters in GE15, its outcome gets harder to anticipate than ever.
“It is premature to conclude whether future administration(s) will carry the 12MP targets into the next political mandate. Political uncertainties will linger for a while longer, although the 12MP assumes that everything remains linear and constant,” it said.
MARC said the three themes running through the 12MP document – i.e. resetting the economy; strengthening security, well-being and inclusivity; and advancing sustainability – are appropriate.
However, it cautioned failure to follow through with long-term plans could lead to dire developmental consequences, especially in the post-pandemic environment considering a rapidly ageing population.
MARC was cautiously optimistic with the government’s high tolerance to inflation as the average inflation during the 11MP came in at 1.3% versus the expected range between 2.5% and 3.0%.
It also pointed out that considering that the unemployment rate will continue to remain elevated throughout the 12MP period, it believes that the government will keep inflation benign, which will affect the overall efficacy of the plan.
Under the 12MP, the government expects real GDP growth to come in at between 4.5% and 5.0% per annum during the 12MP period, compared with 2.7% in the previous plan period when it did not have to contend with the aftermath of lockdowns.
It also expects the GNI per capita to increase to RM57,882 at the end of the 12MP period, up from RM42,503 previously. We believe that the 12MP’s aim to bring the average household income to RM10,065 will push the present minimum wage to a much higher level.