Tuesday August 21, 2012
Husni: 5.4% Q2 growth a boost for Malaysia
IPOH: The better-than-expected 5.4% growth in gross domestic product (GDP) in the second quarter is a confidence booster for Malaysia to perform better for the rest of the year.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah attributed the current positive growth to the resumption of operations at oil rigs, which had affected the country’s production of crude oil previously.
“We are also hoping that global oil prices will go up as this will benefit us greatly,” Husni said during his Hari Raya open house in Kampung Sungai Rokam here yesterday.
He also expressed optimism in the country’s economic prospects in the third and fourth quarters of the year, noting that it was due to improve further due to a spike in domestic investments driven by the private sector.