Johari: Growing overseas spending shows economy is strong

KUALA LUMPUR: Second Finance Minister Datuk Seri Johari Abdul Ghani has rejected a lawmaker’s argument that the slowdown in the retail market indicates the economy is not doing well.  

Instead, he said, Malaysians’ expenditure overseas shows the economy is strong. “Spending by Malaysians who go abroad has grown from RM41 billion in 2015 to RM46 billion in 2016 and 2017. That shows the people’s spending power is stronger,” he said in the Dewan Rakyat yesterday during the question and answer session.

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