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Malaysia to pursue 'steady growth' path: Zeti [27-11-2012]  
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Malaysia wants to have steady growth that will allow it to sustain and improve its economic position, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

“We want to pursue steady growth and do not want to have a high growth in one year and a very low one the following year.

"Our approach is to have steady growth that will allow us to sustain and improve our economic position," she said when asked whether the country could sustain strong growth next year.

Zeti said this on the sidelines of the 2nd International Shariah Research Academy for Islamic Finance Colloquium 2012 here.

She added that the domestic economy was still strong and resilient.

One of the factors she said that supported this growth was the surge in investment activities apart from strong consumption coupled with the Government's infrastructure projects.

Gross domestic product (GDP) for the third quarter ended Sept 30 expanded 5.2% year-on-year, supported by domestic demand and investment activities.

The central bank expects GDP growth for 2012 to be at least 5% or better.

On the global economy, she said the global economy could stabilise and has huge potential for recovery if the structural problems in the economy and in the financial system, among others, could be fully addressed.

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