PUTRAJAYA: Prime Minister Datuk Seri Ismail Sabri Yaakob (pic) is confident that the country’s economic growth projection of between 5.3% and 6.3% this year can be achieved.
Speaking at the 18th Civil Service Premier Message Gathering (MAPPA XVIII) here on Tuesday (Aug 30), Ismail Sabri said the country’s post-Covid-19 economic recovery momentum was also expected to continue to persist until the end of this year.
"The maturity of the Malaysian Family and the effectiveness of the government administration machinery which uses the collaborative mindset approach, we are able to focus on restarting the economic recovery process quickly and effectively.
"The government’s decision to reopen all economic sectors and international borders was among the most appropriate moves to jumpstart the economic cycle," he said.
As a result, Ismail Sabri said the Malaysian economy has recorded an encouraging performance when the Gross Domestic Product (GDP) for the second quarter of 2022 recorded a growth of 8.9%, the best in Southeast Asia.
Malaysia’s wholesale and retail trade also recorded a sturdy growth year-on-year of 44% to RM132.8bil in June this year.
"For the first half of 2022, the foreign direct investment (FDI) recorded a net inflow of RM41.7bil compared to RM23.3bil in the same period before the pandemic in 2019," he added. - Bernama
