Finance minister says Malaysia set for recovery in 2021 with most employees back at work | Malay Mail

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Finance minister says Malaysia set for recovery in 2021 with most employees back at work

Saturday, 30 May 2020 10:39 AM MYT

“We must rise again and record a positive Gross Domestic Product growth as opposed to the negative GDP forecast for this year in line with the global economic growth,” he said in an exclusive interview for a Bernama TV documentary on “Malaysians United Against Covid-19”. Tengku Zafrul said that to weather the economic downturn due to the pandemic, the government was implementing the 6R approach — Resolve, Resilience, Restart, Recovery, Revitalise and Reform.

“The third R, Restart, was the move to reopen or recharge the economy in stages, while the fourth R, Recovery, is the country’s present recovery phase. For the fifth phase, Revitalise, the minister told Bernama that a plan focusing on the medium term would be announced in either October or November this year.

 

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