IMF revises Malaysia's 2022 GDP growth forecast to 5.1%

FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building

KUALA LUMPUR: The International Monetary Fund (IMF) has revised its year-on-year economic growth forecast for Malaysia to 5.1 per cent in 2022 from 5.6 per cent previously, according to the fund's latest World Economic Outlook Update July 2022 (published on July 26).

However, the IMF’s latest forecast is lower than Bank Negara Malaysia’s projected gross domestic product (GDP) growth range of 5.3 per cent to 6.3 per cent for 2022.