KUALA LUMPUR (Aug 13): Malaysia’s improving economic performance will boost investors’ confidence and portray a good indicator that the country is going in the right direction, an economist said.

Putra Business School Associate Professor Abu Sofian Yaacob said the strong growth of the Malaysian economy and the increasing gross domestic product (GDP) are positive signs to would-be investors that the country is doing well amid rising cases of Covid-19 infections.

“Although Malaysia is still facing a high Covid-19 infection rate at the moment, we have proven that we managed to increase our GDP, along with the confidence that the vaccination rate is on track towards herd immunity,” he told Bernama today.

Earlier, Bank Negara Malaysia (BNM) announced that the Malaysian economy grew by 16.1% in the second quarter (Q2) of 2021, supported mainly by the improvement in domestic demand and continued robust exports performance.

Abu Sofian…

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