Country not in recession - PM

The Prime Minister, Datuk Seri Abdullah Ahmad Badawi said that the country is not heading to recession as the economic fundamentals are strong so as the reserves and trade surplus. He said “I believe, insya-Allah (God willing), we can weather the storm. We still have strong economic fundamentals. We have very strong reserves. Our trade surplus is still strong. We do have high domestic savings. We are not in any kind of turmoil. We have a healthy democracy,” he added that “We have a lot of assets that we can use to withstand the impact of the situation we are facing today, but I’m not saying that it’s going to be easy. It’s going to be tough. If we stand together, if the rakyat (citizenry) supports the Government, we can continue to work well with the private sector as a unit. We should be able to weather the storm,”