Continuous solid growth of import intermediary and capital goods since couple of months lately, showed that domestic investment is resilient and will support the Nation's economic growth this year and for the following next.
Executive Director of the Institute of Economic Research (MIER), Dr. Zachariah Abdul Rashid, said the usual increase in imports of intermediate and capital goods have a positive impact on economic growth because it is an indication that there will be increased production in the future.
He explained in accordance of the participants confidence of the to the industry in the country's economic prospects and started importing items to increase their production.
Indeed, the continued increase in imports of intermediate and capital goods is good for the long term because it has a positive effect on economic growth, he said.
Intermediate and capital goods are used to produce other goods and services.
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