IMF: Malaysia’s economy to grow 4.5 percent in 2017
Malaysia’ economy is forecasted to grow at 4.5 percent in 2017 due to strong private consumption, the International Monetary Fund (IMF) said on December 15.
Illustrative photo (Photo: New Straits Times)Kuala Lumpur (VNA) – Malaysia’ economy is forecasted
to grow at 4.5 percent in 2017 due to strong private consumption, the
International Monetary Fund (IMF) said on December 15.
The IMF also appreciated policies on economic management of the Malaysian government because the country has performed well despite “significant headwinds” stemming from structurally weak growth at developed and emerging markets.
The Malaysian economy growth is expected to stand at 4.2 percent and the medium-term growth is seen at 4.5-5 percent.
However, the country might continue to suffer from weak commodity prices and slow private investment, according to the Washington-based organisation.
Additionally, the poor performance of Malaysian’s ringgit that has lost 7 percent against the dollar the recent weeks has posed challenges to the Southeast Asian country’s economy.
The Malaysia’s current monetary policy is appropriate in the context of moderate growth, low inflation and external uncertainties, said the IFM.-VNA
The IMF also appreciated policies on economic management of the Malaysian government because the country has performed well despite “significant headwinds” stemming from structurally weak growth at developed and emerging markets.
The Malaysian economy growth is expected to stand at 4.2 percent and the medium-term growth is seen at 4.5-5 percent.
However, the country might continue to suffer from weak commodity prices and slow private investment, according to the Washington-based organisation.
Additionally, the poor performance of Malaysian’s ringgit that has lost 7 percent against the dollar the recent weeks has posed challenges to the Southeast Asian country’s economy.
The Malaysia’s current monetary policy is appropriate in the context of moderate growth, low inflation and external uncertainties, said the IFM.-VNA
You should also see
Dien Bien soldiers, youth volunteers meet in Hanoi
Nearly 300 soldiers and youth volunteers directly engaging in the Dien Bien Phu campaign 70 years ago looked back on the 56-day battle, the victory of which led to the signing of the Geneva Accords on ending the war and restoring peace in Indochina, at a meeting in Hanoi on April 23.
See more
World
Thailand expects to export 1 million tonnes of durian this year
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
ASEAN
ASEAN bolsters intellectual property cooperation
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
ASEAN
Food security, climate change top ASEAN agenda during Malaysia’s chairmanship
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
World
ASEAN foreign ministers call for end to Myanmar violence
ASEAN foreign ministers on April 19 issued a statement calling on all parties to immediately cease violence and exercise maximum restraint in the border areas of Myanmar.
ASEAN
Warming waters in Thailand wreaks havoc on marine life
The warming waters of the Gulf of Thailand and the Andaman Sea are negatively affecting marine life, leaving dugongs desperate for food, according to Thai scientists.
