Govt focusing on reviving the economy within a year - Azmin

The government is focusing its efforts to revive the economy within a year, said Senior Minister cum Minister of International Trade and Industry Azmin Ali.

He said the government has to intensify its efforts in resuscitating the economy as Bank Negara Malaysia had forecasted the nation’s economic growth to be between -0.5 and two percent for 2020.

“Based on the current initiatives, including the economic stimulus packages, InsyaAllah (God willing) we can achieve positive growth next year,” he said to reporters after attending the Gombak District Development Action Committee meeting today.

Mohamed Azmin noted that in its recent report, the World Bank forecast Malaysia to achieve economic growth of between 6.3 percent and 7.5 percent next year.

Azmin Ali at Stellar Focus, July 10, 2020.

“This means that the international community is confident that the current administration will be able to revive the nation’s economy. It also marks the confidence of international investors,” he said.

He added that efforts to revive the economy must be continued as new investments will create high-value jobs for Malaysians, which would improve the people’s wellbeing.

- Bernama