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The Malaysian economy had recorded the lowest growth of the decade with 4.3 percent in 2019. The Gross Domestic Product (GDP) for the third quarter in 2019 rose to 3.6 percent, the lowest position in 41 months.
The government, which remains steadfast in the belief that Malaysia will achieve an economic growth of 4.8 per cent this year, expects to see positive effects from its development spending latest by June 2020, said Finance Minister Lim Guan Eng.
Prof Madya Datuk Dr Mohd Asri Zainul Abidin says strengthening the Muslim economy is better than boycotting the products produced by non-Muslim
“Don’t just enjoy travelling overseas. Bring back the foreign investments,” sneered former Prime Minister cum Finance Minister Datuk Seri Najib Razak.
China’s economy cooled to a 6.5 percent growth in the third quarter, the slowest growth rate in almost a decade.
The rating agency said some economic and fiscal policy changes would create uncertainties in the near term, as details are scant at this juncture, but the strong emphasis by the new leadership on governance and institutional reforms is a long-term positive for the nation's fundamentals.