ECONOMIC growth of 4.7% as of September was achieved without a steep increase in the prices of goods and services, Deputy Prime Minister Dr Wan Azizah Wan Ismail said.

She said the growth rate was not too far off the 4.9% target in Budget 2019, despite the global economic slowdown.

“In fact in Budget 2020 which was tabled two months ago, the government projected the economic growth for the whole of this year to be at 4.7%,” she said.

“We achieved this growth without any steep increase in the prices of goods and service. That is very important to ensure the people’s buying power is not affected in our attempts to grow the economy,” she said at the Putrajaya LIFT Festival 2019, today.

Dr Wan Azizah said the government had managed to keep the inflation rate down.

“This is clearly part of the government’s achievements in managing and administering the economy effectively,” she said.

She hoped the festival would help to educate the public on financial technology (fintech) so that they could take advantage of it to their benefit.

“This platform will give everyone the space and opportunity to know more about fintech.

“Indirectly, it will give people the confidence to take part in online financial transactions.” – December 28, 2019.