Sunway University professor of economics Yeah Kim Leng
Although the Coronavirus recession has started to rear its ugly head everywhere, including in Malaysia, it is not expected to leave a wound as deep as that which was left by the Asian Financial Crisis (AFC) of the late 1990s.
This is partly because banks which are largely the cornerstone of economies, are now in a much stronger financial position than they were back then and can, - for now, at least - withstand larger shocks.
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