Moody's Investors Services says the one-off, temporary nature of the stimulus, with only one-tenth of the package involving direct spending by the government, limits the scope for substantial and sustained fiscal slippage while providing some support for domestic demand. – The Malaysian Insight file pic, April 15, 2020.
WHILE the series of economic stimulus packages announced by the government will support domestic demand and economic growth, they also leave the government with a wider fiscal deficit at least for 2020, said Moody’s Investors Service. Moody’s said the packages would also increase the government’s fiscal consolidation challenge over the next few years, particularly given a debt burden that is already higher than similarly rated peers.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China, India to narrowly avoid recession in virus-hit 2020: IMFHONG KONG: Some of Asia's biggest economies are likely to narrowly avoid recession this year and are poised to bounce back strongly in 2021 if the coronavirus is contained, the IMF forecast Tuesday, with China leading the recovery. So whats our plan?
Source: NST_Online - 🏆 17. / 53 Read more »
EPF extends employers’ April 2020 contribution payments to April 30KUALA LUMPUR: The Employees Provident Fund (EPF) will extend employers’ mandatory contribution payments for the salary month of March 2020 (April 2020...
Source: theSundaily - 🏆 25. / 51 Read more »
IMF: After 2020 contraction, Malaysia GDP to soar by 9pct in 2021KUALA LUMPUR: The International Monetary Fund (IMF) has projected that Malaysia’s real gross domestic product (GDP) will grow at a rate of nine per cent next year, the fastest among Asean-5 countries which are expected to see a combined GDP growth of 7.8 per cent.
Source: NST_Online - 🏆 17. / 53 Read more »
Coronavirus could see UK GDP fall 13pc in 2020, says watchdog | Malay MailLONDON, April 14 — Britain’s economy could shrink by an unprecedented 13 per cent this year in the case of a three-month coronavirus lockdown, according to a scenario published today by fiscal watchdog the Office for Budget Responsibility. “The resulting 13 per cent fall in annual GDP in 2020...
Source: malaymail - 🏆 1. / 86 Read more »
China's 2020 GDP growth set to sink to 44-year lowAnalysts say the overall outlook remains grim as business activity in China's major trading partners has halted. FMTNews Economy GDP
Source: fmtoday - 🏆 5. / 72 Read more »
EPF extends April 2020 contribution payment date to the 30th | Malay MailKUALA LUMPUR, April 14 — The Employees Provident Fund (EPF) has decided to extend further the date for employers to remit their mandatory contribution for the salary month of March 2020 (April contributions). In a statement today, Chief EPF Officer Alizakri Alias confirmed that the new deadline... MuhyiddinYassin Salam..pls allow the immigrants to get the necessary commodities to live. Thank you.
Source: malaymail - 🏆 1. / 86 Read more »