Subscribe in a reader | Subscribe by Email Hmmm…i thought the BERSIH and HINDRAF rallies were supposed to scare off investors. But looks like domestic spending is strong enough to boost the economy and the investors not really worried about these rallies…or perhaps the rally attendees were the ones who boosted the economy with their expenses 🙂
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Abdullah credits GDP growth to political stability
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ALOR STAR: A stable environment, prudent economic management and strong investor confidence led to the overall 6.3% Gross Domestic Product (GDP) growth last year, said Datuk Seri Abdullah Ahmad Badawi.
Describing this as “beyond expectations,” the Prime Minister said the stable ringgit and robust domestic demand had also helped. “Our increasing trade and reserves has also helped boost investor confidence. I believe this (the favourable economic environment) will boost further public expenditure and consumption,” he said when asked to comment on the fourth quarter GDP growth rate of 7.3% for 2007 released by Bank Negara yesterday.
Abdullah, who had earlier addressed the people at Padang Sera in the Jerlun parliamentary constituency, noted that the services and agriculture sectors had recorded impressive growth.
“All this could not have been achieved without our political stability,” he said, stressing that such stability was the most important contributor of economic growth.Abdullah, who is also the Finance Minister, reminded that investors would stay away from countries where riots occurred. “The Government is committed to ensuring the country’s continued political stability and national security,” he added.
He reiterated that the Government had also acted to enhance the capability and productivity of the public sectors.
