IMF sees Malaysia growing at 4.5% in 2017

KUALA LUMPUR: Malaysia’s economy is seen growing at 4.5% in 2017 on strong private consumption but will continue to suffer from weak commodity prices and slowing private investment, the International Monetary Fund (IMF) said on Thursday.

Malaysia has been buffetted by poor demand for its exports of commodities and liquefied natural gas over the past year. In January, the government cut spending and revised its 2016 growth forecast down to 4.0-4.5% from 4.0-5.0% in January.