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IMF upgrades Malaysia's 2017 growth forecast to 4.8%

Monday, July 24, 2017 - 12:10

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Malaysia's economy expanded 5.8 per cent in the second quarter from a year earlier, the fastest pace in more than two years and defying expectations for a slight slowdown, central bank data showed on Friday.

[KUALA LUMPUR] The International Monetary Fund has upgraded its 2017 growth forecast for Malaysia to 4.8 per cent from 4.5 per cent now, the Fund said on Monday, at the release of its updated World Economic Outlook in Kuala Lumpur.

The Fund kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China.

REUTERS

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