WASHINGTON, Oct 14 — China should shift the emphasis of its coronavirus fiscal stimulus efforts away from investment focused on goods output towards supporting consumption and broadening its social safety net, a senior International Monetary Fund official said today. Vitor Gaspar, IMF fiscal...
Wednesday, 14 Oct 2020 10:22 PM MYT
WASHINGTON, Oct 14 — China should shift the emphasis of its coronavirus fiscal stimulus efforts away from investment focused on goods output towards supporting consumption and broadening its social safety net, a senior International Monetary Fund official said today. “Households can be supported by a broadening of the safety net. And the emphasis could move away from investment,” Gaspar told an online news conference during IMF and World Bank annual meetings.
By contrast, the United States will see a 12-percentage point increase in its 2020 fiscal deficit as a share of GDP, to nearly 19 per cent, the report showed.
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.
IMF expects Malaysia’s GDP to increase 7.8pc next year | Malay MailKUALA LUMPUR, Oct 13 — The International Monetary Fund (IMF) expects Malaysia’s real gross domestic product (GDP) to rise by 7.8 per cent next year. However, the IMF has revised its Malaysia 2020 GDP forecast to 6.0 per cent year-on-year contraction from the previously estimated 3.8 per cent...
Read more »
Hishammuddin: Malaysia to be a priority recipient of China-produced Covid-19 vaccine | Malay MailKUALA LUMPUR, Oct 13 — China has agreed to list Malaysia as a priority recipient of the China-produced Covid-19 vaccine once it successfully developed, said Datuk Seri Hishammuddin Tun Hussein. The Foreign Minister announced this in a joint news conference after the bilateral meeting with his...
Read more »
Taiwan rejects China spy claims as ‘creating terror’ | Malay MailTAIPEI, Oct 13 — Taipei accused Beijing today of “creating terror” after state media aired a series of reports on espionage that included alleged confessions of two Taiwanese in Chinese custody. Beijing’s security agents have cracked down on “hundreds” of spying cases linked to Taiwan...
Read more »
Hishammuddin: China to purchase 1.7 million tonnes of Malaysia’s palm oil until 2023 | Malay MailKUALA LUMPUR, Oct 13 — China today expressed its commitment to purchase 1.7 million tonnes of palm oil from Malaysia until 2023, said Datuk Seri Hishammuddin Hussein. The foreign minister announced this in a joint news conference following bilateral meetings with his visiting Chinese counterpart...
Read more »
Malaysia, China reaffirm commitment to foster stronger bilateral relations amid Covid-19 pandemic | Malay MailKUALA LUMPUR, Oct 13 — Malaysia’s Foreign Minister Datuk Seri Hishammuddin Hussein and his counterpart from China, Wang Yi, reaffirmed a broad consensus on several issues of importance following bilateral meetings held here today. In a joint press statement, both ministers reiterated their...
Read more »
Shares slip as coronavirus worries overshadow positive China data | Malay MailLONDON, Oct 13 —European shares fell today as worries over the coronavirus pandemic overshadowed Chinese trade data that pointed to a buoyant recovery, while the US dollar edged away from a three-week low. The broader Euro STOXX 600 fell 0.4 per cent in early trading, with bourses in Frankfurt,...
Read more »