Malaysia may set aside its belt-tightening plans to save its economy from trade war damage

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Malaysian Finance Minister Lim Guan Eng is set to outline the government's spending plans for 2020 on Friday.

They estimated that if tariffs were raised on all goods that flow between the U.S. and China, Malaysia's growth could add 0.14 percentage points given current capacity constraints, instead of 0.5 percentage points if there were no limitations.

Investments made by local firms have been falling for years — which dampened corporate earnings and hindered economic growth, noted analysts from Malaysian bank Maybank. The country has taken several steps to spur investments domestically, including accelerating its approval process and improving access of small- and medium-sized enterprises to government financing, they added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to trade higher amid US-China trade optimismInvestors will watch for market reaction to overnight developments on U.S.-China trade. American President Donald Trump said in a tweet Thursday that he is set to meet with Chinese Vice Premier Liu He on Friday, raising expectations that progress could be made on the trade front by the two economic powerhouses. LOL trade optimism LOL LOL LOL LOL LOL LOL LOL LOL
Source: CNBC - 🏆 12. / 72 Read more »