KUALA LUMPUR (July 12): Malaysia is ready for any eventualities, including a global recession, just as any country in the world should be prepared for such a possibility, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. This is based on preliminary economic data that showed the second quarter of this year had charted strong growth, with the momentum expected to continue into the third quarter, he said. We will watch this closely but for now — based on the data we have — the projection still remains because Malaysia's economy is diversified. The global economy expanded by 6.1% in 2021. Read also:EPF targets 300,000 members in the first year for i-LindungCukai Makmur to lighten govt’s financial burden, says Tengku Zafrul

Source: The Edge Markets July 12, 2022 14:18 UTC