KUALA LUMPUR (Nikkei Markets) -- Malaysia is banking on resilient private spending and fiscal incentives to reverse sagging domestic investments and help perk up economic growth next year, the federal finance minister said.
A rebound in commodity prices as well as oil and gas production recovery will also help lift gross domestic product growth pace to 4.8% in 2020 from the projected 4.7% this year, Lim Guan Eng told Nikkei Markets in an interview. The government has fiscal space to implement contingency measures if economic conditions worsen, he said.
