Worst is behind us, Malaysia will emerge stronger by year-end, says finance minister | Malay Mail

Monday, 08 Mar 2021 03:05 PM MYT

“We have many reasons to believe that the worst is behind us. I am certain that Malaysia will emerge stronger by the end of the year,” he told Bernama. This has also contributed to the 24 per cent increase in the GDP from RM289.4 billion in Q2 2020, to RM357.4 billion in Q4 2020. Tengku Zafrul said the ministry is targeting the country’s deficit to be less than 6.2 per cent of GDP for 2021, depending on how fast the economy recovers and the government’s focus on supporting certain sectors to grow the local economy.Meanwhile, Tengku Zafrul also encouraged all Malaysians to register for the vaccination through the MySejahtera app, or the official website as advertised by the Special Committee on Covid-19 Vaccine Supply Access Guarantee.

“This will provide an impetus towards our economic growth — complementing the government’s fiscal measures in ensuring a sustainable recovery of the economy.” To address this pandemic, the government has formulated a 6R strategy, covering six levels: Resolve, Resilient, Restart, Recovery, Revitalise and Reform.

Or is it the worst is just beginning. Petrol (RON95 RM2.05/lit) & cooking oil (5kg RM30.00) prices have gone sky high. Ordinary rakyat is feeling the pinch. God knows what else has gone up? Anyone care to list?

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