Continued economic recovery trend shows success of govt policies, says Muhyiddin
KUALA LUMPUR, Aug 13 — The country’s continued economic recovery trend is clear evidence that government policies have borne fruits despite the highly challenging situation, says Prime Minister Tan Sri Muhyiddin Yassin.
“Today, we have announced that Malaysia’s economy expanded by 16.1 per cent in the second quarter of 2021,” he said in a special televised address today. The central bank added that the recovery was expected to accelerate further in 2022, supported by a gradual normalisation of economic activities as well as positive spillovers from continued improvement in external demand.
“The financial and capital markets also demonstrated strong resiliency in Q2 2021. The target of fully vaccinating 50 per cent of the total adult population by end-August will enable the country to resume economic and social activities more broadly to drive the national economic recovery.
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