News – Malaysia’s trade exposure to 5 troubled European countries at 1.5%

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Malaysia’s exposure to the five troubled economies in Europe in terms of trade is minimal at 1.5%, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

Speaking to reporters at the Malaysian Banking Summit on Thursday, he said the government is maintaining its target of between 4% and 5% growth in gross domestic product this year.

He added that the government’s aim to reduce the fiscal deficit to 4.7% remained intact, despite the recent announcement that it will pay out a half-month bonus with a minimum payment of RM500 for civil servants and a special payment of RM500 for pensioners.

 

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