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.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

IMF , growth , inflation , stimulus measures

   

Next In Business News

Ringgit seen to trade higher next week
Oil prices settle US$1 down as supply set to rise
Smoothing the way for EVs
Mah Sing records robust eight-month performance
MSM aims for 45,000-tonne grain sugar export to China
Opening the national electricity grid
Refinancing option likely
Malaysia Airlines at pivotal crossroads
Taking a leaf of electricity reforms from other countries
New CIMB Group CEO Novan upbeat about prospects for 2H24

Others Also Read