IMF: Malaysia making progress on reform agenda

The statement was issued after the IMF team led by Nada Choueiri visited Kuala Lumpur and Putrajaya from Dec 5-17 to conduct discussions for the 2020 Article IV Consultation with Malaysia.

KUALA LUMPUR: Malaysian authorities are making progress on their reform agenda, with real gross domestic product (GDP) growth holding up and is projected at 4.5% for 2019, driven by domestic demand, according to the International Monetary Fund (IMF).

Malaysia’s headline inflation is expected to remain subdued at slightly under 1% this year while the current account surplus is expected to increase to 3.5% of GDP in 2019, it said in a statement.