Malaysian Finance Minister Lim Guan Eng is set to outline the government's spending plans for 2020 on Friday.
They estimated that if tariffs were raised on all goods that flow between the U.S. and China, Malaysia's growth could add 0.14 percentage points given current capacity constraints, instead of 0.5 percentage points if there were no limitations.
Investments made by local firms have been falling for years — which dampened corporate earnings and hindered economic growth, noted analysts from Malaysian bank Maybank. The country has taken several steps to spur investments domestically, including accelerating its approval process and improving access of small- and medium-sized enterprises to government financing, they added.
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