Prime Minister Datuk Seri Anwar Ibrahim announced today that Malaysia will continue to assess the impact of external factors on its economy. The government remains vigilant about geopolitical risks and other international influences that could affect the nation’s economic stability and will monitor these developments regularly.
“We are currently on the right track to achieve economic growth,” Anwar stated during a press briefing at the Malaysia Commercialisation Year (MCY) Summit 2024.
The Prime Minister was responding to concerns about whether external factors, such as the recent 7.1 magnitude earthquake in Japan and the ongoing Russia-Ukraine war, would impact Malaysia’s economic outlook. In May, the Ministry of Finance expressed confidence in Malaysia’s economic prospects, projecting the Gross Domestic Product (GDP) to grow between 4.0 percent and 5.0 percent in 2024, supported by stronger-than-expected first-quarter growth.
