Finance Minister Lim Guan Eng says Malaysia’s GDP achievement also highlights the effectiveness of institutional reforms carried out by PH.
In beating market expectations, it also highlighted the effectiveness of institutional reforms carried out under the leadership of Prime Minister Dr Mahathir Mohamad, its minister, Lim Guan Eng, said.“This is especially evident when several of Malaysia’s major trade partners are experiencing a synchronised growth slowdown caused by multiple factors, including the ongoing China-US trade war.
Lim said the second quarter GDP growth was supported by solid domestic demand growth of 4.6% year-on-year, which was faster than the 4.4% rate recorded in the first quarter of the year. Lim said Malaysia was focused on growing the domestic economy sustainably and would prepare contingent expansionary measures, when necessary, to counter any adverse impact from the trade war.
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