Economic Stimulus Packages To Contribute 3.7% To 4% Of GDP In 2020, says Tengku Zafrul

KUALA LUMPUR (Sept 25): The RM10 billion Prihatin Supplementary Initiative Package (Kita Prihatin) is expected to have a positive impact on the nation’s economic growth in the fourth quarter of 2020 (4Q20).

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the economic stimulus packages announced by the government — Prihatin, Prihatin SME+, Penjana and Kita Prihatin — worth a total of RM305 billion, are expected to contribute 3.7% to 4% of the nation’s gross domestic product (GDP) this year.

The move will also place the country in a better position for an economic recovery by 2021, he said.

Source: Bernama