Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that Malaysia's economy is progressing positively despite challenges, with a GDP growth of 5.0% in the first quarter of 2022 and low inflation at 2.2%. He highlighted that increased subsidies for petrol and essential goods have helped maintain low inflation levels. In an interview during the World Economic Forum in Davos, he emphasized the need for targeted subsidies for vulnerable groups rather than universal support. Additionally, the unemployment rate has decreased from a peak of 5.3% in May 2020 to 4.1% last month.
Also available in 'The Borneo Post Sabah', 'The Edge', 'The Star', 'The Sun'.MALAYSIA’S ECONOMY IN RIGHT DIRECTION, INFLATION REMAINS COMPARATIVELY LOW – TENGKU ZAFRUL
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz stated that Malaysia's economy is progressing positively despite challenges, with a GDP growth of 5.0% in the first quarter of 2022 and low inflation at 2.2%. He highlighted that increased subsidies for petrol and essential goods have helped maintain low inflation levels. In an interview during the World Economic Forum in Davos, he emphasized the need for targeted subsidies for vulnerable groups rather than universal support. Additionally, the unemployment rate has decreased from a peak of 5.3% in May 2020 to 4.1% last month.
Also available in 'The Borneo Post Sabah', 'The Edge', 'The Star', 'The Sun'.
