KUALA LUMPUR: 2020 Budget is expansionary in nature, aimed at facilitating the economy and enhancing the nation’s competitiveness through sound fiscal policies, said MIDF Research.
The research firm said it should stimulate the domestic economy through the various measures introduced and also mitigate concerns related to the slowing global economic growth arising from geopolitical events such as the US-China Trade War.
MIDF Research expects the economy to remain resilient and continue to perform at a moderate pace in 2020 of around 4.5-4.7 per cent due to less growth impetus from external sources.
As for 2019, it maintained its forecast for the economy to grow 4.9 per cent.