News analysis

Malaysia misses Vision 2020 targets in face of corruption, pandemic and inequality

Malaysia's current GDP stands at RM1.34 trillion. PHOTO: AFP
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KUALA LUMPUR - Malaysia has missed its target of being a developed economy by 2020, with its progress being hampered by graft, the coronavirus pandemic and income inequality, say analysts.

Achieving high-income status was one of nine objectives set out in the Vision 2020 plan - the road map introduced in 1991 by then Prime Minister Mahathir Mohamad to improve the country. Most of the remaining targets focused on social values, such as becoming a more fair and tolerant society, and one that is more democratic and competitive.

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