He noted that for a technical economic recession to happen, there would have to be two consecutive quarters of contractions.

The government has forecast this year’s economic growth to be 4.5%, compared with last year’s growth of 8.7%.

“In fact, the International Monetary Fund has forecast Malaysia’s 2023 economic growth to be at 4.4% and the World Bank at 4.0%,” he told the Dewan Rakyat in response to queries.

Ahmad said the government will continue to prioritise economic growth and equitable development for the people as well as make Malaysia an attractive investment destination.

“This includes simplifying the investment process and creating more innovative startups and job opportunities,” he added.