Former finance minister Daim Zainuddin is not convinced that the country's economy will rebound next year, as claimed by Finance Minister Tengku Zafrul Tengku Abdul Aziz.

“It is very premature to claim that we will get out of the woods soon. The contraction of the economy will push back our progress by at least a couple of years,” Daim (above) was quoted as saying by The Malaysian Insight (TMI).