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Finance minister: Q3 GDP shows solid recovery; economic and financial system fundamentals remain sound | Malay Mail

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Finance minister: Q3 GDP shows solid recovery; economic and financial system fundamentals remain sound

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz says Malaysia’s Q3 economic performance is reflective of a solid recovery due to the reopening of the economy. ― Bernama pic

He said the drop in unemployment rate to 4.7 per cent from 5.1 per cent in Q2 2020 indicated the effectiveness of the Prihatin Rakyat Economic Stimulus Package , Prihatin SME Plus, National Economic Recovery Plan , and Kita Prihatin measures to save and create jobs amid the pandemic and prepare the path towards economic recovery.

This is expected to affect consumer demand especially in retail, food and beverages, accommodation and hospitality, as well as transportation sectors.

 

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