Daily Market Report (25 July 2019)

  • The word recession has had appeared rather frequently of late. In real terms, the word “Recession” denotes a business cycle contraction when there is a general decline in economic activity usually defined as a negative economic growth and generally occur when there is a widespread drop in spending.

In Malaysia, the government is steadily pump-priming the construction sector to a tune of around RM400bn which will cascade down to other sub-segments. Therefore, we infer that recession is not happening any time soon.