Malaysia’s economy on track for recovery, with better growth prospects (Updated) 13 Jul 2021 / 10:30 H. Pix for representational purpose only. -Bernama KUALA LUMPUR: Malaysia’s economy is now on the path to recovery and is projected to chart better growth this year, says Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
He said the brighter economic prospect is attributable to rising global demand, increased public and private sector spending, as well as continued policy support.
“This (brighter prospect) will also be reflected in the recovery in labour market conditions and higher production in the manufacturing sector, particularly in the electrical and electronics (E&E), and the oil and gas facilities,” he said in a keynote address at the Malaysian Economic Summit 2021 webinar today.
Tuesday, 13 Jul 2021 10:59 AM MYT
Azmin believes that due to Malaysia’s open economy, enhancement of productivity and economic growth would be further underpinned by an improvement in the global technology upcycle, as well as policy support from various fiscal and monetary measures. Bernama pic
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KUALA LUMPUR, July 13 Malaysia’s economy is now on the path to recovery and is projected to chart better growth this year, says Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.
He said the brighter economic prospect was attributable to rising global demand, increased public and private sector spending, as well as continued policy support.
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