PUTRAJAYA: Malaysia's growth momentum debunks assertions by certain parties that the economy is on the brink of collapse, says Datuk Seri Abdul Rahman bin Dahlan, Minister in the Prime Minister's Department.
Malaysia recorded a second quarter 2017 GDP growth of 5.8%, which was faster growth than the 5.6% recorded in the preceding quarter, underpinned by the services and manufacturing sectors.
Abdul Rahman also cited the reaffirmation of Malaysia's sovereign rating of "A-" by Fitch Ratings and a report on Malaysia's resilience amid global uncertainties by Moody's Investors Service.
"The growth momentum remains strong, investments keep flowing in and the economy will persevere through uncertain times and challenging external conditions. This is, in part, because of good economic management by the government under the effective leadership of the Prime Minister, Dato’ Sri Najib Tun Razak who spearheaded the National Transformation Program (NTP), which has come into fruition in recent years," he said
"His track record of managing the economy speaks for itself. The support from all Malaysians is crucial for him to continue the economic agenda that will create more jobs and lift people’s income and ultimately achieve the high income nation status by 2020," he added.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
