Guan Eng: No risk of recession in Malaysia

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

“There’s no risk of recession in Malaysia. I think what the government wants is to ensure sustainable economic growth.” He added. The ministry’s economic stimulus package would include rebates on tax and electricity bills. 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 coronavirus outbreak.

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