Stimulus packages and reopening of economic sector reduce impact of Covid-19, says PM

NEW YORK (24 September): Various measures taken by the government to implement stimulus plans and reopen the economic sector in phases have reduced the significant impact of the Covid-19 pandemic crisis and supported the recovery of the economic growth, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

He said the country’s economy continued to strengthen, with gross domestic product (GDP) registering stronger growth of 8.9% in the second quarter of 2022, compared to the 5.0% recorded in the first quarter.

Malaysia’s economic growth in the second quarter is the highest in ASEAN and higher than some developed and regional countries, and should be able to reach a target of between 5.3% and 6.3%, taking into account the 6.9% growth in the first half, he said. .

“There are various indicators of economic improvement, including the number of vehicle sales. For example, (Perodua) Alza received 30,000 reservations when it launched, while the waiting period for Proton X50 can be up to six months,” he said at the “Keluarga Malaysia” (Malaysian family) dinner here on Saturday (September 24), which was attended by more than 300 Malaysians.

To help ease the burden on those affected by the rising commodity prices, Ismail Sabri said the government has allocated nearly RM80 billion in subsidies.

Ismail Sabri, who is in New York to take part in the 77th session of the United Nations General Assembly (UNGA), said his priorities were political stability and racial unity when he took office as prime minister Last year.

“Political stability is important to attract foreign investment; this has been achieved through a memorandum of understanding with opposition parties. To strengthen unity between different races in Malaysia, I have introduced the concept” Keluarga Malaysia,'” he said.

He also described Malaysians abroad, including in the United States (US), as the country’s “little ambassadors” who also have an important role to play in continuing to project a positive image of Malaysia at home. the stranger.

“Your contribution is very important and will also help families and communities in Malaysia,” he said.

The Prime Minister said he was confident that the patriotic spirit of “Keluarga Malaysia” in New York remained high, despite its presence abroad.

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