Malaysia's Minister believes the country can withstand a US recession due to strong economic performance and a focus on resilient industries.

Malaysia's Investment, Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz, shows confidence in Malaysia's ability to withstand a potential US recession. He cites recent economic performance, including controlled inflation and a 5.8% second-quarter growth forecast, as evidence. Preparing for worst-case scenarios, Aziz emphasizes focusing on resilient industries, such as semiconductors and extending green financing to SMEs, with the National Semiconductor Strategy a key focus until 2030.

August 12, 2024
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