DPM: Malaysia must climb out of middle-income trap

The country must climb out of the middle-income trap after languishing more than two decades in the upper middle-income bracket as per the World Bank classification, said Deputy Prime Minister Ahmad Zahid Hamidi.

Zahid warned if Malaysia fails to up its competitive advantage and attractiveness as a centre for investment, its competitors will forge ahead which in turn will affect the country’s national prosperity and the well-being of ordinary Malaysians.