Govt to work with business leaders to drive growth

The MoF noted that Malaysia achieved strong growth of 5.6% in the first quarter of 2023 and reduced unemployment rate to 3.5%, against a height of 5.2% in May 2020. — Bloomberg

PETALING JAYA: The government’s fiscal policies and Belanjawan 2023 measures are starting to bear fruit despite multiple challenges, according to the Finance Ministry (MoF).

Citing early economic indicators, the MoF noted that Malaysia achieved strong growth of 5.6% in the first quarter of 2023 (1Q23) and reduced unemployment rate to 3.5%, against a height of 5.2% in May 2020.