IMF sees 6.5% growth for Malaysia this year

IMF said Malaysia's growth was projected to rebound to 6.5% this year, underpinned by a strong recovery in manufacturing and construction, and supported by the rollout of the Covid-19 vaccination in February.

KUALA LUMPUR: The International Monetary Fund (IMF) expects Malaysia’s economy to recover in the remainder of 2021, with inflation and the current account balance normalising over the medium term.

In its country report, it said growth was projected to rebound to 6.5% this year, underpinned by a strong recovery in manufacturing and construction, and supported by the rollout of the Covid-19 vaccination in February.