Malaysia unlikely to go into recession due to economic diversification

KUALA LUMPUR: Malaysia is not likely to slip into a recession due to the diversified structure of its economy which is less dependent on commodities, aside from its pragmatic and responsive policies, said Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.

He noted that the agriculture and mining sectors now only contribute 14 per cent to Malaysia’s gross domestic product, while the services sector accounts for 57 per cent and the manufacturing sector contributes 24.3 per cent.