MoF: More favourable near-term prospects

Following this year’s second Fiscal Policy Committee (FPC) meeting yesterday, the ministry noted the improvements in several economic indicators such as a rebound in gross domestic product growth and a recovery in the labour market. Manufacturing sales have improved in July and external trade has expanded in August. (File pic the MoF in Putra Jaya)

PETALING JAYA: The Finance Ministry (MoF) says Malaysia’s economic recovery prospects in the near term appear more favourable with the reopening of various economic sectors and timely implementation of stimulus packages.

Following this year’s second Fiscal Policy Committee (FPC) meeting yesterday, the ministry noted the improvements in several economic indicators such as a rebound in gross domestic product growth and a recovery in the labour market.