IMF sees stable growth in M’sia over medium term

The index for Malaysia weakened to 64 from 75 as respondents expressed concern about consumer sentiment. A reading above 50 indicates a positive outlook.

PETALING JAYA: Malaysia’s economic growth is expected to stabilise in 2019 and over the medium term, with inflation picking up and the current account surplus continuing to narrow, the International Monetary Fund (IMF) said.

In conclusion of the 2019 Article IV consultation with Malaysia, the IMF said domestic demand would remain the main driver of growth, with private consumption and investment supported by an improved business environment and investor confidence.