M’sia needs economic buffer

Possible downturn: Tan says there is a 30% probability of a global recession next year.

KUALA LUMPUR: Warning of the possibility of a global economic recession next year, Affin Hwang Capital said Malaysia needs to implement immediate measures to cushion against the impact.

The upcoming Budget 2020, its chief economist Alan Tan said, should be business-friendly and include short-term boosters to defend the country’s economy from external weaknesses.