Over the last two weeks, we presented data showing resilience in domestic consumption and the underlying strength in the balance sheets for households and businesses as well as overall stability of the Malaysian banking system.

Our objective was to highlight the fact, supported by hard data, that the situation is not as bleak as the headlines would suggest.

For sure, the economy is going through a huge shock brought about by the Covid-19 pandemic. This is evident not just in Malaysia but the rest of the world as well. The quick actions of governments and central banks have mitigated what would certainly have been massive damage to the global economy.

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