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Monday, May 26, 2014

GDP IS NOT GOOD ENOUGH TO MEASURE NATIONAL GROWTH

GDP is not good enough to measure national growth, says minister - Malaysia Premier Property and Real Estate Portal



"KUALA LUMPUR: Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar said that gross domestic product (GDP) alone did not capture the totality of well-being, which included dignity, happiness and other aspects fundamental to a fulfilling life. Hence, Malaysia will continue to seek other measures of economic and national growth beyond GDP, in response to opportunities and challenges in the 21st century."