Rahman Dahlan: Second quarter GDP growth proves negative predictions wrong

Malaysia's gross domestic product growth (GDP) of 5.8 percent in the second quarter of 2017 (Q217) once again proved that negative predictions and forecasts by some irresponsible quarters that the economy was on the brink of collapse, was wrong.

Minister in the Prime Minister's Department, Abdul Rahman Dahlan, said the figures released by the Department of Statistics Malaysia today also showed that those people were not to be taken seriously when they talked about the economy.

"The growth momentum remains strong, investments keep flowing in and the economy perseveres through uncertain times and challenging external conditions.

“This is, in part, because of good economic management by the government under Prime Minister Najib Abdul Razak, who spearheaded the National Transformation Programme, which has come to fruition in recent years,” he said in a statement today.

He said the stronger pace of growth, compared with 5.6 percent in the first quarter, was induced by both sustained domestic demand and improved external sector.

Higher economic activities in services, manufacturing and construction sectors were the key engines that drove the economy in Q217, he said.

-- Bernama