The International Monetary Fund says risks to the global outlook are now broadly balanced. – ReuterspicThe International Monetary Fund has revised the outlook for Malaysia’s real gross domestic product growth by a notch to 4.4% this year from its earlier prediction of 4.3%.In its latest World Economic Outlook entitled “Steady but slow, resilience amid divergence”, IMF predicted Malaysia’s GDP growth to remain at 4.4% in 2025.For global growth, the IMF estimated it to be at 3.
The pace of expansion is low by historical standards, owing to both near-term factors, such as still-high borrowing costs and withdrawal of fiscal support, and longer-term effects from the Covid-19 pandemic and Russia’s invasion of Ukraine; weak productivity growth, and increasing geo-economic fragmentation.
On the upside, looser-than-necessary fiscal policy and assumed projections could raise economic activity in the short term while risking costly policy adjustments later on. Inflation could fall faster than expected amid further gains in labour force participation, allowing central banks to bring easing plans forward.
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