Article Related To Malaysia's economy

The growth signifies a notable improvement from the 3.8 per cent growth recorded during the same period in 2023.

Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia's economy is open and has established cooperative relations with all countries.

A strong Malaysia-China economic relationship is expected to help the country face and overcome the adverse effects of a US recession.

Exports rose 2.2 pct on an annual basis in the first quarter of the year, after three consecutive quarters of contractions.

Malaysia's economy has sustained positive growth during the first three quarters of 2023 and showed positive signs in October led by industrial production and retail sales, said DOSM

The US is equally important and a traditional ally, as well as a major investor that has helped propel Malaysia's economy.

Despite the global economic challenges, Malaysia's economy remains resilient and continues to improve, Datuk Seri Anwar Ibrahim said.

Tan Sri Nor Shamsiah Mohd Yunus said the growth in 2023 will continue to be supported by further expansion of household spending and continued investment activity.

Economists surveyed by Reuters had forecast annual gross domestic product growth would come in at 4.8% in the January to March period.

The implementation of national policies and initiatives such as the new investment policy based on the National Investment Aspirations will drive the nation's economy and achieve its targets.

The focus on attracting FDI is important for Malaysia's economy but the government should ensure that policies on capital do not favour interest groups, said Prime Minister Datuk Seri Anwar Ibrahim.

Nor Shamsiah said year-to-date, the ringgit has depreciated by 11.2 per cent against the greenback, in line with regional trends.

The Malaysian economy is not in a crisis and its growth trajectory remains positive, but the country needs to reform to become an innovation-based economy.

The government is optimistic that the economy in the Q3 of this year will show stronger growth based on current positive economic indicators.

Malaysia's economy posted a sterling growth of 8.9 pct in the second quarter (Q2) of 2022 as domestic demand continued to strengthen.

According to JBPM, members of the public at the scene took initial action to rescue the victim before the fire brigade arrived.

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The US is a co-chair along with Malaysia of a working group on climate mitigation, or ways to reduce greenhouse gas emissions.

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