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Malaysia to grow 5.75 percent in 2022: IMF

The International Monetary Fund (IMF) has forecast that Malaysia’s real gross domestic product (GDP) growth will accelerate to about 5.75 percent in 2022.
Malaysia to grow 5.75 percent in 2022: IMF ảnh 1People in Malaysia on May 28, 2020 (Photo: VNA)
Kuala Lumpur (VNA) – The International MonetaryFund (IMF) has forecast that Malaysia’s real gross domestic product (GDP)growth will accelerate to about 5.75 percent in 2022.

According to the IMF’s 2022 Article IV Mission with Malaysia,the economy is set for a gradual recovery, thanks to the authorities’impressive vaccine rollout and swift implementation of economic policy supportmeasures. The recovery nevertheless remains uneven, with sizeable economicslack, and substantial medium-term pandemic-related risks.

The IMF team recommended additional near-term targetedfiscal support towards vulnerable and hard-hit segments of the economy andproductive investments.

The country’s inflation, meanwhile, is projected to stabiliseat about 2.5 percent despite transitory supply-chain challenges.

Last year, Malaysia grew 3.1 percent, with the Governmentexpecting this year’s growth at between 5.5 and 6.5 percent./.
VNA

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