Finance Ministry: Strong GDP growth continues to highlight Malaysia's resilience

In a statement on Saturday , the Finance Ministry said that it has expanded to 4.9% year-on-year from 4.5% in the previous quarter

"Indeed, Malaysia is one of the few economies in the region that experienced faster growth in the second quarter compared to the previous quarter," said Finance Minister Lim Guan Eng. Lim however said that while Malaysia's growth is encouraging, the government would not ignore the high risks associated with the escalating China-US trade war.

"The government's success in managing its finances prudently through its reforms over the past year will allow Malaysia to respond appropriately if required. The government is mindful of the weakening global demand and its effects on the domestic economy," he said.

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Finance Ministry says strong GDP growth continues to highlight Malaysia’s resilience | Malay MailKUALA LUMPUR, Aug 17 ― Malaysia’s second quarter 2019 gross domestic product (GDP) growth which expanded to 4.9 per cent year-on-year, from 4.5 per cent in the previous quarter, continued to highlight the country’s resilience amid the challenging global environment. In beating market...
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