World

Malaysia to grow 5.75 percent in 2022: IMF

The International Monetary Fund (IMF) has forecast that Malaysia’s real gross domestic product (GDP) growth will accelerate to about 5.75 percent in 2022.
Malaysia to grow 5.75 percent in 2022: IMF ảnh 1People in Malaysia on May 28, 2020 (Photo: VNA)
Kuala Lumpur (VNA) – The International MonetaryFund (IMF) has forecast that Malaysia’s real gross domestic product (GDP)growth will accelerate to about 5.75 percent in 2022.

According to the IMF’s 2022 Article IV Mission with Malaysia,the economy is set for a gradual recovery, thanks to the authorities’impressive vaccine rollout and swift implementation of economic policy supportmeasures. The recovery nevertheless remains uneven, with sizeable economicslack, and substantial medium-term pandemic-related risks.

The IMF team recommended additional near-term targetedfiscal support towards vulnerable and hard-hit segments of the economy andproductive investments.

The country’s inflation, meanwhile, is projected to stabiliseat about 2.5 percent despite transitory supply-chain challenges.

Last year, Malaysia grew 3.1 percent, with the Governmentexpecting this year’s growth at between 5.5 and 6.5 percent./.
VNA
#International Monetary Fund#Malaysia#IMF#GDP growth#vietnam news agency#vietnamplus
Follow VietnamPlus

Related News

Malaysia-Thailand border trade grows 30.26 percent in 2021

Malaysia-Thailand border trade grows 30.26 percent in 2021

Border trade between Malaysia and Thailand increased 30.26 percent to 627.7 billion THB (more than 19 billion USD) last year following the reopening of all nine checkpoints along their shared borders, according to officials.
Thailand to boost travel bubble talks with China, Malaysia

Thailand to boost travel bubble talks with China, Malaysia

Thailand planned to negotiate bilateral travel agreements with neighbours China and Malaysia this month as part of its efforts to promote tourism recovery in the coming time, according to Thai Government spokesman Thanakorn Wangboonkongchana.
Malaysia doing better against Omicron compared to Delta wave

Malaysia doing better against Omicron compared to Delta wave

The Malaysian Ministry of Health affirmed on February 9 that that the country is doing better against the wave of Omicron variant infections than it did with the Delta in July 2021 due to wide vaccination coverage and high booster uptakes.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.