Govt bullish on Malaysia’s Q2 GDP prospects, says finance minister | Malay Mail

Lim said that low and stable inflation, industrial production growth, better exports in May, as well as the expansion in wholesale and retail sales in January-May were indicators for healthy Q2 2019 results. — Ahmad Zamzahuri

KUALA LUMPUR, July 26 — The government is optimistic about the prospects of a sustainable gross domestic product growth in the second quarter of this year , said Finance Minister Lim Guan Eng. In a statement today, he said Malaysia’s economy grew 4.5 per cent year-on-year in Q1 2019, adding that low and stable inflation, industrial production growth, better exports in May, as well as the expansion in wholesale and retail sales in January-May were indicators for healthy Q2 2019 results.

“The government will continue to prioritise economic growth and will even consider an expansionary budget to ensure the rakyat’s economic well-being and achieve our economic goal of shared prosperity,” he said.Lim said the Malaysian industrial production index exceeded the market consensus for the third month in a row when it grew by 4.0 per cent y-o-y in May, beating the market projection of 3.5 per cent y-o-y.Meanwhile, Lim said Malaysia’s inflation in June 2019 increased to 1.

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