The Malaysian central bank said on Wednesday that it has expected the domestic economy is improving, as shown by the favorable domestic indicators in the second quarter this year.
Malaysian central bank's governor and chair man Zeti Akhtar Aziz said that the favorable indicators included slower decline in industrial production and export contraction moderating.
Improving labor market conditions, as well as better consumer and business sentiments, would improve domestic economy further in the second half of this year, said Zeti at her office here.
She said that the accelerated implementation of the fiscal measures, lower inflation, continued access to financing, and the accommodative monetary environment would provide further support to domestic demand.
Zeti added that the stabilization of the global economy was also expected to contribute to the improvement in the domestic economy in the second half of this year.
Malaysian central bank's governor and chair man Zeti Akhtar Aziz said that the favorable indicators included slower decline in industrial production and export contraction moderating.
Improving labor market conditions, as well as better consumer and business sentiments, would improve domestic economy further in the second half of this year, said Zeti at her office here.
She said that the accelerated implementation of the fiscal measures, lower inflation, continued access to financing, and the accommodative monetary environment would provide further support to domestic demand.
Zeti added that the stabilization of the global economy was also expected to contribute to the improvement in the domestic economy in the second half of this year.
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