Annuar Musa: Political stability is an important element in managing inflation and the economy

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At a press conference after chairing the third meeting of the task force in Putrajaya today, Tan Sri Annuar Musa said that all government systems would go haywire if the country’s political environment was unstable. — photo by Bernama

Thursday, July 14, 2022 4:10 p.m. MYT

PUTRAJAYA, July 14 – Political stability is one of the important elements in managing inflation, economic issues and investors, Chairman of Special Inflation Jihad Task Force Tan Sri Annuar has said Musa.

Annuar, who is also the Minister of Communications and Multimedia, said political stability is in fact vital to attract investors to the country and ensure sufficient supply of all goods.

“If we want sufficient supply, there must be investors investing in production. They will not invest in political uncertainty, they will wait.

“When they wait, the supply chain will slow down. When the supply slows down as the demand increases, the price will go up,” he said when asked if the political uncertainty in the country would affect the inflation rate.

At the press conference after chairing the third meeting of the task force here today, Annuar said that all government systems would go haywire if the country’s political environment was unstable.

Political instability will lead to many other problems, not just inflation. It will affect the economy and investments,” he added. — Bernama


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