IMF raises Malaysia GDP growth projection to 4.8%

(Left to right) Deputy Director Reseach Department Gian Maria Miles Ferretti, Economic Counselor and Director Research Department Maurice Obstfeld and Ting Yan at IMF Press Conference on the Release of the World Economic Outlook Update yesterday. - AZLINA BT ABDULLAH/The Star

KUALA LUMPUR: The International Monetary Fund (IMF) has raised Malaysia’s gross domestic product (GDP) growth projection for this year to 4.8% from 4.5%, on the back of savvy economic management and commendable monetary policies.

Malaysia registered a GDP growth of 4.2% last year, down from 5% in 2015 and 6% in 2014.