MALAYSIA’S strong growth momentum is expected to continue in the near term, with the economy projected to expand 4.7 per cent this year, the International Monetary Fund (IMF) said.
Bernama reportred today IMF said favourable economic conditions provide an opportunity to strengthen macroeconomic policy buffers and accelerate structural reforms.
“Malaysia’s external position in 2024 is preliminarily assessed to be stronger than the level implied by medium-term fundamentals and desirable policies.
“Fiscal consolidation should continue to rebuild buffers and meet the medium-term targets set under the Fiscal Responsibility Act (FRA),” it said in a statement issued in Washington on Monday. – March 4, 2025
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