Recession in 2019 unlikely

Its economist Lee Ju Ye was one of three panellists at Maybank Investment Bank Bhd’s (Maybank IB) second half 2019 market outlook (2H2019) on Saturday.

KUALA LUMPUR: Maybank Kim Eng Group says a recession in 2019 is unlikely but there is a possibility of it happening in the second half of 2020.

Its economist Lee Ju Ye was one of three panellists at Maybank Investment Bank Bhd’s (Maybank IB) second half 2019 market outlook (2H2019) on Saturday. “Trade-oriented economies will be most impacted but a slowdown is not a recession, ” Lee said. “Singapore is on the verge of a technical recession. Thailand and Malaysia are already seeing a decline in exports.”