IMF expects Malaysia’s economy to expand

In providing an assessment of Malaysia’s growth prospects, Bernama quoted the IMF as saying that Malaysia’s high vaccination rates and limited movement restrictions would also support economic expansion.

PETALING JAYA: The International Monetary Fund (IMF) is optimistic that Malaysia’s economy will expand by 5.75% in 2022, driven by pent-up domestic demand and continued strong external demand.

This is in line with the government’s growth projection of between 5.3% and 6.3% for 2022. The economy expanded by 3.1% last year.