Malaysia might miss its 2020 fiscal deficit target thanks to US-China trade war, says finance minister
2019-07-23 09:18:33 source：South China Morning Post
July 22, 2019
Malaysia will find it challenging to meet its 3 per cent fiscal deficit target for next year because of uncertainties around the US-China trade war, the country’s finance minister said on Monday.
Southeast Asia’s third-largest economy is dealing with a debt pile of more than 1 trillion ringgit ($243.13 billion), which the administration of Prime Minister Mahathir Mohamad has blamed on mismanagement by the previous government.
Malaysia is also struggling with slowing economic growth, hurt largely by a global slowdown and the trade war between the United States and China– two of Kuala Lumpur’s biggest trading partners.
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