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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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

7-Eleven counts on resilient domestic spending
Capital A revenue more than doubles
DBS expands HK private banking headcount by 25% on better fund flow
Vizione wins RM250mil construction job
Weakness in upstream profit to impact FGV
Axiata earnings at RM60mil on RM5.7bil revenue
PetGas 1Q net profit increases to RM457mil
NSS a multifaceted boon to chip sector
CYL Corp to diversify into property
Avenue to raise funds for charitable projects

Others Also Read