Sunday, May 9, 2010

Economic indicators show that Malaysia is improving

BUTTERWORTH, May 8 — Prime Minister Datuk Seri Najib Razak said Malaysia’s economic recovery is promising when compared with other countries.

Citing a report prepared by the Economic Planning Unit of the Prime Minister’s Department, he said Malaysia’s economic growth was more encouraging than others.

“In the next few days, the government will announce the first-quarter Gross Domestic Product growth figure,” Najib said when opening the Pulau Pinang Malay Economic Convention here today.

The prime minister said although the global economy was still somewhat shaky with the weak stock market in Europe, yet, Malaysia managed to record impressive growth.

“Economic indicators show that Malaysia’s economic situation is improving,” he said, adding that the recovery stemmed from the government’s fiscal and financial initiatives.

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