WASHINGTON: Malaysia’s economy is set for a strong rebound this year from recession with near-term prospects for the economy “favourable,” the International Monetary Fund said on Friday, forecasting growth of close to 7% this year.
In its annual review of Malaysia’s economy, the IMF forecast growth would resume this year at 6.7% after a 1.7% contraction in 2009. Next year, growth would likely moderate to 5.3%, it added.
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