Malaysia unlikely to slip into recession due to economic diversification, says Bursa chair | The Malaysian Insight

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Malaysia unlikely to slip into recession due to economic diversification, says Bursa chair

Bursa Malaysia chairman Abdul Wahid Omar says the agriculture and mining sectors now only contribute 14% to Malaysia’s GDP, while the services sector accounts for 57% and the manufacturing sector makes up 24.3%. – The Malaysian Insight file pic, September 14, 2022.

“The diversity of our trading partners – where we are not overly dependent on one particular country – adds to our economic resilience,” he said in his opening remarks at the “Invest Malaysia 2022 Series 1: Building Resilience Amidst Volatility” briefing, today. He also said the financial system is complemented by well-functioning debt and equity capital markets, which were worth RM3.5 trillion as of June 30, 2022, where the debt capital market accounted for RM1.8 trillion and the equity capital market made up RM1.7 trillion.

 

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