Border reopening helps Malaysia boost economic development
The transition to the endemic phase and the reopening of borders have clearly provided a positive impact on the Malaysian economy compared to the pandemic phase two years ago, the Malaysian National News Agency (Bernama) reported, quoting Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed.
Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed (Photo: //www.theedgemarkets.com/)
Kuala Lumpur (VNA) – The transition to the endemic phase and thereopening of borders have clearly provided a positive impact on the Malaysian economycompared to the pandemic phase two years ago, the Malaysian National News Agency (Bernama) reported, quoting Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed.
Mohamed said on April 17 that purchasingpower has risen with the number of buyers at all shopping centres in the country is increasingday by day.
According to the official, Malaysia’s economy is recovering, except forexternal risks, such as the Russia-Ukraine conflict, which is challenging theworld economy.
Bernama has previously reported that the national economy is expected to strongly grow this year as the country entered the transitionto the endemic phase, which commenced with the reopening of borders.
Malaysia’s national gross domestic product (GDP) is forecast to rise by 6percent in 2022 while the GDP in the first quarter is expected to record agrowth of 5 – 6 percent.
Malaysia announced the transition to the endemic phase and reopened the national border from April 1 after two years of closure due tothe COVID-19 pandemic./.
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Minister in the Prime Minister's Department for Economic Affairs of Malaysia Mustapa Mohamed (Photo: //www.theedgemarkets.com/) 
