Sim Kwang Gek: Escalating US-China trade tension with no resolution in sight and global uncertainties could threaten future economic growth and erode business confidence, investment and trade. ...Will we be seeing a fiscal stimulus in Budget 2020? Perhaps the priority to further reduce our fiscal deficit gap can take a back seat in 2020.
THE International Monetary Fund has slashed its 2019 global gross domestic product (GDP) growth from 3.5% to 3.2% due to the ongoing US-China trade tensions and global economic uncertainties.
Malaysia, as a significant trading nation will not be spared. Budget 2020 themed “Shared Prosperity: Sustainable and Inclusive Growth Towards High Income Economy” is expected to look into measures that will insulate the economy against global headwinds and at the same time focus on the well-being of the rakyat.
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