Averting a recession

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz is confident that Malaysia will have positive economic growth at least until the third quarter of this year and emphasised that the country must be prepared for a slowdown in the global economy. With the warning bells already ringing, can steps be taken now for Malaysia to avert a recession?

KUALA LUMPUR: Given the global economic backdrop, many are predicting that a potential worldwide recession may be likely, if not inevitable, in 2023.

Earlier this month, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said that Malaysia will find it a challenge to avoid an economic recession next year.