World Bank, IMF’s GDP projection reflects investor confidence in Malaysia is restored: Azmin

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KUALA PILAH: The World Bank and International Monetary Fund’s (IMF) projection for Malaysia’s gross domestic product (GDP) of between 6.3% and 7.5% in...

Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali with Housing and Local Government Minister Zuraida Kamaruddin attend the Penggerak Komuniti Negara’s Aidiladha slaughtering of animal ritual in Kuala Pilih, Negri Sembilan today. - BernamaThe World Bank and International Monetary Fund’s projection for Malaysia’s gross domestic product of between 6.3% and 7.5% in 2021, reflects investor confidence in Malaysia has been restored.

“The World Bank and IMF’s projection shows that investor confidence has begun to recover, otherwise, we won’t be able to achieve that figure but we have to start now ... that is why now we are pushing industry players, small and medium enterprises that they must start the economy now,” he told reporters after attending the Penggerak Komuniti Negara’s Aidiladha slaughtering of animal ritual here, today.

“I believe once the activities have started, their dependence on government incentives will be reduced ... but they still need support as long as we have engagements between them and the banks,“ he said.

 

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