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KUALA LUMPUR: The country’s economic recovery can currently be measured by four key indicators, namely the retail sector, hotel accommodation, crude palm oil prices and the price of SMR 20 rubber, said the deputy minister of the Department (Economy) of the Prime Minister Arthur Joseph Kurup.
He said that all these indicators formed the benchmark for the country’s economic recovery next year with the goal of a gross domestic product (GDP) of between 6.5 and 7.5 percent.
“The retail sector is beginning to show a gradual recovery, with the hotel accommodation rate nationwide increasing to 24.3 percent after the Conditional Movement Control Order (CMCO) was lifted and travel was allowed. interstate.
“The price of crude palm oil peaked at more than RM3,000 (RM3,422) per tonne in November, while the price of SMR 20 rubber rose to a high of RM6.33 per kilogram in November,” he said. in response to a supplementary question. from Senator Datuk Teo Eng Tee in the Dewan Negara today.
Teo wanted to know the key indicators that would drive the country’s economic recovery after the Covid-19 pandemic.
On the government’s long-term efforts to revive the country’s economy, Arthur said the preparation of the 12th Malaysia Plan (12MP) is now in the final stages.
“The strategies to be implemented under the 12MP take into account the various recovery efforts and economic reactivation after the Covid-19 pandemic, in addition to addressing the issue of the economic structure to ensure more inclusive and sustainable growth,” he said.
He believes that all the strategies and measures taken by the government would not only restore the country’s economy, but also protect the well-being of the people. – Called
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