IMF: Malaysia's GDP to grow 9pct in 2021, fastest among Asean-5 countries

IMF: Malaysia's GDP to grow 9pct in 2021, fastest among Asean-5 countries - Hello loyal readers FeedGoogle, In the article you are reading this time with the title IMF: Malaysia's GDP to grow 9pct in 2021, fastest among Asean-5 countries, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The International Monetary Fund (IMF) has projected Malaysia’s real gross domestic product (GDP) to grow at a rate of nine percent next year, the fastest among the Asean-5 countries, which are expected to see a combined GDP growth of 7.8 percent. Besides Malaysia, Asean-5 includes Indonesia, Thailand, the Philippines and Vietnam, which are set to expand by 8.2 percent, 6.1 percent, 7.6 percent and seven percent, respectively. For 2020, the Washington-based organisation forecasts Malaysia’s economy to contract 1.7 percent, as the Asean-5 GDP shrinks 0.6 percent. The IMF’s latest 2021 projection for Malaysia is higher than Fitch Ratings’ growth forecast of 5.8 percent. Global growth is expected to rebound to 5.8 percent in 2021, well above trend, reflecting the normalisation of economic activity from very low levels, the IMF said in a report released yesterday. It projected a minus t…