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Finance minister: Malaysia’s economy expected to grow 3-4pc this year | Malay Mail

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Finance minister: Malaysia’s economy expected to grow 3-4pc this year

KUALA LUMPUR, Nov 10 — The Malaysian economy is expected to grow between 3 per cent and 4 per cent this year, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

Tengku Zafrul said the year 2022 is a critical year for Malaysian economic recovery as the government expects most sectors and industries as well as employment to gradually recover. He said through this alignment, the government aims to ensure that businesses receive not only a quick leg up in terms of recovery but also support in ensuring their recovery is sustainable.

The government recognises that many small businesses require capital to restart but face difficulties obtaining financing, therefore, it has allocated RM1.8 billion in various microcredit financing schemes.

 

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