Malaysia’s economy to continue recovery momentum, says Tengku Zafrul


Finance Minister Tengku Zafrul Tengku Abdul Aziz says growth in Q1 2022 was attributed to the government's consistent policy, particularly initiatives under an expansionary Budget 2022. – The Malaysian Insight file pic, May 13, 2022.

THE Malaysian economy is expected to continue its recovery momentum this year, after the country’s first-quarter 2022 (Q1 2022) performance saw a growth of five per cent, supported by increases in domestic and external demand, as well as labour market recovery.

Finance Minister Tengku Zafrul Tengku Abdul Aziz said growth in Q1 2022 was attributed to the government’s consistent policy, particularly initiatives under an expansionary Budget 2022 which have been in full swing since the start of the year, as well as the spillover effects from Budget 2021 and previous stimulus and assistance packages.


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