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Malaysia's projected 5.8 pct growth for second quarter will strengthen nation — PM

20 Jul 2024, 3:20 AM
Malaysia's projected 5.8 pct growth for second quarter will strengthen nation — PM

KUALA LUMPUR, July 20 — Prime Minister Datuk Seri Anwar Ibrahim said Malaysia's economic growth, projected at 5.8 per cent in the second quarter of 2024 (2Q 2024), will enable the country to rise as a strong nation.

Under the Madani Economy, the government has promised better job opportunities, training, and technology transfer to move the country toward a digital and energy transition.

"Malaysia has broken through the wall of uncertainty by registering an amazing 5.8 per cent growth in the 2Q 2024, beyond normal expectations and projections presented by all parties.

"I am confident that with our cooperation and focus on economic development, we will succeed," he said on his official X (formerly Twitter) page today.

Yesterday, the Department of Statistics Malaysia (DOSM) projected Malaysia's gross domestic product to grow 5.8 per cent in 2Q 2024, up from 4.2 per cent in the previous quarter and the highest since 2Q 2022, when it was 7.4 per cent.

The Prime Minister also thanked the people, workers, professionals and investors who continue to believe in the direction of the Madani Economy.

"With full humility, I say a million thanks to the people, infinite appreciation to the public and private sector, infinite thanks to the professionals and to the investors who continue to believe in the direction of Madani's Economy, ” he said.

According to the DOSM website, the official 2Q 2024 numbers will be announced on August 16.

— Bernama

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