MALAYSIA PREPARED TO FACE GLOBAL ECONOMIC DOWNTURN

GEORGE TOWN, Sept 24 (Bernama) -- Malaysia has made several preparations to
face the world economic downturn following the European debt crisis and the
falling US economy.

Minister in the Prime Minister's Department Nor Mohamed Yakcop said the
country was prepared to face the long term effects having put in place several
various strategies.

"We have taken several strategies and plans to ensure that Malaysia's
economy can continue to expand although the world is facing a downturn."

Malaysia would not be affected if the world's economic recession is for a
short period but if the downturn continues, there is possibility that Malaysia
would be affected as well, he nevertheless told reporters after attending
Aidilfitri gathering organised by the Bumiputera Economic Planning Unit here
Saturday.

Nor Mohamed who is responsible for the Economic Planning Unit, however did
not disclose the strategies and plans taken by the government to face a global
economic recession.

The minister, who is also a Member of Parliament, said he was confident that
the current economic downturn would not jeopordise the country's economy in the
short term.

"Malaysia should also be able to still defend its economic position being
more reliant on Asian economies such as China and India."

He also said Malaysia's domestic demand was expected to lessen the effects
of the ongoing uncertainties in the global economy.