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12MP goal of high-income status meaningless if wealth gap persists, economists say

MALAYSIA is unlikely to achieve the 12th Malaysia Plan (12MP) target of being a high-income nation with an average household income of RM10,000 given the impact of the Covid-19 pandemic, economists and a business leader said.

The 12MP also has other policies that may work against the achievement of this goal while a higher average household income is target if wealth is not equitably distributed and the social safety net not improved, they added.