PM: Reforms, policies drive 5.8 pct second quarter GDP growth

17 Jul 2026, 2:46 PM
PM: Reforms, policies drive 5.8 pct second quarter GDP growth
PM: Reforms, policies drive 5.8 pct second quarter GDP growth
PM: Reforms, policies drive 5.8 pct second quarter GDP growth

KUALA LUMPUR, July 17 — Malaysia's gross domestic product (GDP) growth of 5.8 per cent in the second quarter of 2026 was driven by reforms and policies implemented by the MADANI Government over the past three years, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who is also the Finance Minister, said the reforms and policies have strengthened the country's economic fundamentals and enabled Malaysia to face global uncertainties with more confidence.

“The country's economy continues to show resilience despite the world facing geopolitical turmoil, supply chain disruptions, and trade uncertainties,” he said in a Facebook post today.

This achievement strengthens the government's determination to continue to adhere to the path of reforms, strengthen economic resilience, and balance the demands of growth, the well-being of the people, and fiscal responsibility.

“The MADANI government will continue to work harder to ensure that this economic strength is translated into more quality jobs, increased income and a more prosperous and dignified life for all the people, InsyaAllah (God willing)," said Anwar.

Meanwhile, in a statement issued by the Finance Ministry, he said the MADANI Economy Framework has strengthened the country's ability to maintain sustainable growth even as the world continues to face uncertainty.

“However, we must realise that this achievement requires us to remain steadfast on the path of reform,” said Anwar.

He added that the MADANI government acknowledges that, despite encouraging economic growth, many citizens and micro, small and medium enterprises are still facing difficulties following the impact of the global crisis, which is also being felt in the country.

“Ever since the outbreak of the West Asian crisis, the government has been working hard to mobilise various efforts to ease the burden of the people, guarantee the supply of essential goods, and ensure the continuity of businesses,” said Anwar.

Although the challenges ahead are difficult to predict, the government remains committed to protecting the well-being of the people, ensuring sustainable economic growth, and maintaining the country's fiscal responsibility.

“The MADANI government will continue to carefully consider every effort so that no group is left behind, businesses can continue to operate, and the country's resilience continues to be strengthened,” he said.

Earlier today, the Malaysian Statistics Department (DOSM) announced that the Malaysian economy grew by 5.8 per cent in the second quarter of 2026, up from 5.4 per cent in the previous quarter.

In the first half of 2026, the economy grew by 5.6 per cent, compared with 4.5 per cent in the same period in 2025.

DOSM noted that all economic sectors recorded growth except agriculture.

The preliminary GDP report, which provides a detailed analysis of economic performance for the second quarter of 2026, will be published on August 14.

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