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‘Measuring GDP in USD not relevant or appropriate’

Mimi Sabreena 9:37:00 AM Informasi

KUALA LUMPUR: Measuring the gross domestic product (GDP) in US dollars is not relevant or appropriate for a matured and sophisticated economy like Malaysia, said Second Finance Minister Datuk Seri Johari Abdul Ghani.

“Economic activity in Malaysia is measured primarily through activities transacted by households, businesses and governments in ringgit. Hence, measurement in ringgit terms is more reflective of our economy,” he said in a statement.

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