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Over the next decade, Malaysia will transition into a high-income nation, even as geopolicital factors and the global response to the pandemic create headwinds and disruption. However, income is only one measure of a developed economy; Malaysia also needs to ensure that its economic growth is sustainable and shared equitably by all.
The Government announced our 6R National Economic Recovery Strategy in May 2020, as the world was being roiled by the pandemic, impacting supply chains and markets equally. To date, the actual and potential impacts are still being calibrated. Against this backdrop, the first five stages of the 6R strategy have provided much support to all Malaysians and stabilised the economy against the fallout from the pandemic. With the vaccine rollout underway, we will soon enter the final stage of the 6R strategy, that is, Reform.
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