Our economy remains resilient, says Second Finance Minister

KLANG: Despite growing concerns that the US economy is moving into a recession, Second Finance Minister Tan Sri Nor Mohamed Yakcop is certain that Malaysia’s market would remain resilient as it has multiple export nations. 

“Governments and businessmen in the region are concerned with the recession reaching the shores of the United States as the country is still a key market for many export-oriented Asian economies including Malaysia. For Malaysia, there will be small indirect effects (if the United States goes through a recession) but we will overcome it as we have other countries to export our commodities to,” he said after officiating the opening of the Putra Bikes showroom at Jalan Kapar here.