Guan Eng: No risk of recession in Malaysia

Last updated on May 6th, 2021 at 06:49 am

PUTRAJAYA – Finance Minister Lim Guan Eng said that Malaysia is not facing risk of recession despite the government’s plan to expedite implementation of an economic stimulus package.

“There’s no risk of recession in Malaysia. I think what the government want is to ensure sustainable economic growth.” He added. The ministry’s economic stimulus package would include rebates on tax and electricity bill. It was initially planned to prepare to the ongoing US-China trade war. However, The plan to speed up the implementation comes over the recent Ncov corona virus outbreak.