Oct 20 2008 (Bernama)
Malaysia is not in a financial crisis and should not be talked into one, Deputy Prime Minister Datuk Seri Najib Tun Razak stressed Monday.
Meanwhile, in Putrajaya, Najib said the country's economy was fundamentally strong and will not go into recession.
"Malaysia will not go into recession," he said in his speech at a farewell ceremony for Prime Minister Datuk Seri Abdullah Ahmad Badawi at the Finance Ministry..
Najib said the finance ministry and its agencies had enough expertise to face the global financial crisis.
Nov 17 2008 (Bernama)
The Malaysian economy has shown it is not facing a recession, but expanding more slowly, according to the Deputy Minister of Finance Datuk Kong Cho Ha.
Following additional measures tabled as a "policy response" towards the global economic crisis by the government on Nov 4, Kong clarified that the country's economy is predicted to expand by 3.5 percent in 2009.
Saturday November 29, 2008 (the Star)
Governor Tan Sri Dr Zeti Akhtar Aziz said the country’s sturdy domestic demand, which has driven the key services sector, along with policies already in place, would be enough to see the country continue to post growth this year and next.
In shooting down talk of Malaysia entering into a recession, Zeti said the reason for slower growth had been the external sector.
December 05, 2008 (Daily Express)
Malaysia will not slip into full recession next year if the country's economy is well managed by the government, former prime minister Tun Dr Mahathir Mohamad said Thursday.
He said the impact of the full-blown recession could be eased as the country was linked to the world's economy only by trade.
"We can offset the full impact of the recession from affecting us as we are linked to the world's economy only by trade, but we have not invested much in the world's economy outside the country," he told reporters after launching the BrandLaureate Awards 2008-2009 at a leading hotel here.
Dec 6 2008 (Bernama)
Malaysia will not be in recession next year, particularly as the government's stimulus plan implemented starts to show results by the first quarter, Second Finance Minister Tan Sri Nor Mohamed Yakcop said Saturday.
"At this point of time, there is no possibility from our calculations that we will enter recession in 2009. Our calculations are based on the actual economic scenario now and also based on what we are going to do," he said after launching Yayasan Ekonomi Sejagat here.
Sunday January 11, 2009 (the Star)
Malaysia will not plunge into a recession but Malaysians would feel a ripple effect of the global economic turmoil, Second Finance Minister Tan Sri Nor Mohamed Yakcop said.
He said the the goverment had taken immediate measures such as the RM7bil stimulus package to meet the challenges ahead.
“The Malaysian economy is still strong although many big countries are experiencing a recession and economic contraction.
Jan 13, 2009 ( from MIDA)According to Government forecast, the GDP growth for 2008 is projected at five percent and for 2009 the economy is expected to expand at least 3.5 percent.The Malaysian economy expanded by 4.7 percent in the third quarter of 2008.
Malaysia is facing a difficult time due to the global economic downturn but it is still not in recession yet, Second Finance Minister Tan Sri Nor Mohamed Yakcop said.
Friday May 29 2009 (the Malaysian Insider)
The economy in now in recession with economic growth to contract between 4 and 5 per cent in 2009, much worse than the original forecast of 1 per cent decline, prime minister Datuk Seri Najib Tun Razak said today.Bank Negara announced worse-than-expected first quarter economic growth which shrank 6.2 per cent from a year ago, the worst quarter since it contracted 10.2 per cent in the fourth quarter of 1998 at the height of the Asian financial crisis.
“Yes we are in technical recession,” Najib told reporters when asked whether Malaysia in recession.
FRIDAY 29th May 2009 (ARTiculations...)
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