Government Eyes To Revive The Economy Within A Year

Pavither July 13, 2020

Government Eyes To Revive The Economy Within A Year

Senior Minister cum Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali revealed that the government targets to revive the economy in a year. 

He noted that Bank Negara Malaysia had predicted the country’s economy to grow between -0.5% and 2% this year. As such, the government has to ramp up its efforts in reviving the economy, reported Bernama.

“Based on the current initiatives, including the economic stimulus packages, InsyaAllah (God willing) we can achieve positive growth next year,” Bernama quoted him as saying after attending the Gombak District Development Action Committee on 10 July.

Read more: Younger Malaysians aspire to buy a property post-COVID

He also cited a recent report by World Bank, in which it forecasted Malaysia to register economic growth of 6.3% to 7.5% in 2021.

He noted that the positive growth forecast for Malaysia marks not only the confidence of the international community but also of international investors, on the current administration’s ability to revive the economy.

Mohamed Azmin explained that efforts to revive the economy should be continued since new investments would create high-value jobs for the people.

 

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