In a statement on September 20, the minister said Malaysia will continue to focus on strengthening the momentum of economic recovery and generating sustainable growth in the long term when the Budget 2023 is presented to the parliament on October 7.
However, he noted that the management of the economy in 2022 is expected to be more challenging.
Commenting on the growth of the national economy, he said the GDP growth of the national economy is projected to reach between 5.3% and 6.3%, taking into account the 6.9% achievement in the first half of this year.
He also emphasised that the measures taken by the government in implementing stimulus packages and the gradual reopening of the economy have reduced the major impact of the COVID-19 crisis, while also supporting economic recovery./.
![Malaysia not in economic crisis: official](https://imagev3-lang.vietnamplus.vn/480x320/Uploaded_EN/sxtt/2022_09_15/malaysia-healthcare-1-916.jpg.webp)
Malaysia not in economic crisis: official
Malaysia is not experiencing an economic crisis just because the ringgit is trading at a low level against the USD, the country's Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has affirmed.