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April-June economy, battered ruthlessly by Covid-19, down to 40-year low
ATHENS (Reuters) - Greece is no longer the black sheep of Europe, having shown discipline and resilience in its handling of the coronavirus outbreak, Prime Minister Kyriakos Mitsotakis said.
KUALA LUMPUR: The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook.
KUALA LUMPUR: Malaysia’s economy performed above expectations in the first quarter of 2019 (1Q19) and the country’s foreign investments staged a strong improvement, amid elevated external challenges. However, despite these positive developments, more warnings signs on the economy have begun to crop up.
KUALA LUMPUR: The economy expanded by 4.5% at in the first quarter of March 31, 2019 (Q1 2019), which was slightly above economists' forecast of 4.3%, underpinned by services and manufacturing.
Fiscal incentives have been a “hot” topic in recent times. The Organisation for Economic Co-operation and Development (OECD) has debated the use of incentives as a tool to attract and retain investments, whilst some governments see them as a means to level the playing field in the competition to attract investments.