Co-ordinated approach to boost country’s economy

KUALA LUMPUR: In a rare co-ordinated approach, the Government has come out strongly to dispel the notion that the country’s economic position is in crisis mode due to the steep fall in global crude oil prices. It has also expressed confidence that the depreciating ringgit will adjust over time to reflect the nation’s economic fundamentals.

Leading the charge is Prime Minister Datuk Seri Najib Tun Razak, who announced adjustments to Budget 2015’s economic growth, along with a RM5.5bil cut in its operating expenditure.