Kuala Lumpur (UNA-OIC) – Malaysian Prime Minister Muhyiddin Yassin has expected the country’s economic situation to improve this year, in line with the government action and the recovery of economic activity and world trade despite the COVID-19 pandemic.
Muhyiddin said Malaysia is on the right track in economic planning and management towards stronger and sustainable growth and it is beginning to show a positive impact.
“We’re already seeing results from our plans. One… maybe COVID-19 hasn’t been resolved yet, but our economy is already showing signs of improvement. Our exports are increasing, our imports are increasing, (and) the number of workers employed has reached 150,000, much higher than the scheduled 120,000,” he elaborated.
“The projections of international bodies, our experts and Bank Negara (Malaysia)… we will see a growth of 6.5% to 7% this year. It takes four to seven months to see its achievement,” the prime minister said.
He noted that the government has sought to balance between the importance of public health and the need for economic growth during the third Movement Control Order (MCO 3.0), similar to that of MCO 2.0 when the impact on growth was expected to be less severe as most economic sectors were still allowed to operate.
