“Malaysia’s response is about the same as other Asean countries, with the exception of Singapore. Among Asean countries, Singapore is the worst hit because it has a larger exposure to exports and it has a small domestic economy. That is why Singapore’s response is faster and bolder because its
economy is already in a recession.”
“US economic recovery is critical to global recovery because it is the world’s largest economy and consumer. Therefore, as a country that is very much linked to the global economy, Malaysia will benefit from an early recovery in the US economy, especially if US starts to import again. However,
the Federal Reserve has said that the earliest forecast for recovery will be in 2010.”
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