IMF: Malaysia’s economic growth to stabilise in medium term | Malay Mail

A view of the landmark Petronas Twin Towers against an almost clear sky in Kuala Lumpur on June 27, 2013. The air quality is improving after nearly a week of smog from forest fires in Sumatra. — Reuters pic

“This would counterbalance the negative drag from the external environment and fiscal consolidation, leaving growth flat at 4.7 per cent in 2019 and close to potential over the medium term,” the fund said in a statement today. “Economic growth is now moderating, and is estimated at 4.7 per cent in 2018 underpinned by robust domestic and external demand.

IMF’s executive directors commended the authorities for the resilient performance of the Malaysian economy over recent years, noting that growth was solid, without signs of inflationary pressures. The IMF directors agreed with the planned gradual pace of fiscal consolidation in 2019 and over the medium term to support debt reduction and strengthened fiscal buffers.

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