Wawasan 2020

To achieve Vision 2020, Mahathir lamented that the nation required an annual growth of 7% (in real terms) over the thirty-year period 1990–2020, so that the economy would be eightfold stronger than its 1990 GDP of RM115 billion.

[7][8] In view of economic slowdown amid the financial crisis of 2007–2010, Prime Minister of the then ruling Barisan Nasional (BN) government, Najib Razak in August 2009, stated that in order for Malaysia to achieve a developed nation status by 2020, the country has to grow at an annual rate of 8% over the next 10 years.

[16][17][18][19] The TN50 had somehow fallen through and was officially dismantled with some aspirations maintained by the Pakatan Harapan (PH)'s Malaysia Baharu government after the GE14.

[20] In 2020, Mahathir Mohamad, the prime minister of Malaysia after Pakatan Harapan coalition came to power in 2018, officially announced the failure of the vision to achieve the status of developed nation.

[22] Mahathir blamed his handpicked successors Abdullah Ahmad Badawi and Najib Razak[24][25] for failing to properly implement his plan.