Selangor Journal

Azmin Ali: Sustaining Growth Crucial

JULY, KUALA LUMPUR – Minister of Economic Affairs, Dato’ Seri Mohamed Azmin Ali announced that the mid-term review of the Eleventh Malaysia Plan is scheduled to be tabled on 18 October 2018. Addressing the crowd at the launch of World Bank’s Malaysia Economic Monitor – Navigating Change, Azmin Ali said that progressive socio-economic policies will be introduced to complement current institutional reforms. Issues and development challenges are being identified and steps to tackle them will be proposed at the review.

While current macroeconomic indicators exhibit strong performance on the back of robust GDP growth, stable and low inflation as well as full employment, Azmin Ali said the situation behind the headline indicators tell a different story.

“The mid-term review will seek to address the disparity of growth across the states and income inequities, particularly the B40 income group, high unemployment rate and the rising cost of living. Sustaining growth will be a priority with greater focus on citizen-centric programmes to ensure a better quality of life for the people.”

He added that the review will also address outstanding structural challenges such as raising labour productivity, ensuring quality investment and innovation, and pushing industries to move up the value chain.

 

 

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