Malaysia's economic growth projection for 2022 can be achieved - PM

Prime Minister Ismail Sabri Yaakob is confident that the country’s economic growth projection of between 5.3 percent and 6.3 percent this year can be achieved.

Speaking at the 18th Civil Service Premier Message Gathering in Putrajaya today, Ismail Sabri said the country’s post-Covid-19 economic recovery momentum is also expected to continue to persist until the end of this year.

“The maturity of the Malaysian Family and the effectiveness of the government administration machinery which uses the collaborative mindset approach, we are able to focus on restarting the economic recovery process quickly and effectively.

“The government’s decision to reopen all economic sectors and international borders was among the most appropriate moves to jumpstart the economic cycle,” he said.

As a result, Ismail Sabri said the economy has recorded an encouraging performance when the Gross Domestic Product for the second quarter of 2022 recorded a growth of 8.9 percent, the best in Southeast Asia.

Malaysia’s wholesale and retail trade also recorded a sturdy growth year-on-year of 44 percent to RM132.8 billion in June this year.

“For the first half of 2022, the foreign direct investment recorded a net inflow of RM41.7 billion compared to RM23.3 billion in the same period before the pandemic in 2019,” he added.

- Bernama

Struggle for the people is not cliche, says Ismail Sabri

Another volatile session projected for ringgit next week

Foreign investors in buying mode for 4th-straight week on Bursa

Zafrul: M'sia to achieve GDP growth of 5.3-6.3pct this year