Malaysia to achieve productivity growth of 3-4% this year

The Malaysian economy is anticipated to achieve a productivity growth of 3 to 4% this year. Based on the Productivity Report 2012/2013, this forecast would be supported by the current performance of the various economic sectors., according to the Malaysian (Bernama) News Agency. The Malaysian Minister of International Trade and Industry Mustapa Mohamed said the Malaysian economy registered a productivity growth of 2% last year to a productivity level of RM58,875 from RM57,737 in 2011. (QNA) The construction industry was expected to register a productivity growth of 13% and an output growth of 15% this year, supported by oil and gas, transport and utilities sub-sectors.