KUALA LUMPUR, May 19 — The International Monetary Fund is optimistic that Malaysia’s economy will expand by 5.75 per cent in 2022, driven by pent-up domestic demand and continued strong external demand.
“Malaysia’s growth is projected to be solid in the medium term, although risks of long-term economic scarring are real,” the IMF’s Executive Board said in its conclusions following consultations with Malaysian officials in an assessment report released last April. This was because the banking sector was still well-capitalised and highly liquid, buttressed against a strong asset quality.
“This would help minimise pandemic-related economic scarring while promoting inclusive growth and job creation,” the IMF said.
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