KUALA LUMPUR, March 14 — Prime Minister Datuk Seri Najib Razak today said that the country's economic foundation was robust enough to withstand coming challenges and expressed confidence that the country will continue to flourish.
Among others, he cited a recent positive report by the International Monetary Fund (IMF) as well as an A- rating by ratings agency Fitch as evidence of the continued resilience of Malaysia’s economy.
"The truth is that our fundamentals are strong, but my government will continue to take all steps necessary to strengthen the resilience of our economy, and to keep the country on an inclusive and sustainable path," he said during the launch of high-end development 8Kia Peng.
Among the accomplishments he cited were the growth of the Gross National Income by 47.7 per cent between 2009 and 2014, the creation of 1.8 million jobs since 2010 and the tripling in private investments.
Najib, who is also finance minister, pointed out that the headwinds facing the country’s economy were not specific to Malaysia, but also affecting most other countries negatively.
“But we should not forget how far we have come, and I have every confidence that with new developments like these, Kuala Lumpur, and Malaysia, will continue to thrive," he said.
Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz had recently reiterated that various financial reforms in the financial institutions have put Malaysia on a solid platform despite external headwinds.
She had said that Malaysia's economy was still growing, and that it would resume to normal once the economy goes through a one or two year adjustment period to the present factors affecting growth.
