IMF downgrade weighs on Malaysia

THE International Monetary Fund (IMF) has downgraded gross domestic product (GDP) growth forecasts for most countries, including Malaysia, whose growth prediction for 2025 was lowered to 4.1% from 4.7%.

More telling is that the IMF expects the country’s economic growth to decelerate further next year to 3.8%, but this is not surprising since many research houses predict a slowdown, especially for emerging economies.