{
  "title": "Malaysia: Staff Report for the 2011 Article IV Consultation",
  "publication": "IMF Staff Country Reports, February 10, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/malaysia-staff-report-for-the-2011-article-iv-consultation-25728",
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  "summary": "This 2011 Article IV Consultation reports that Malaysia’s economy is vulnerable to a prolonged downturn in advanced economies or a sharp escalation in global financial stress. Weaker exports and terms of trade would spillover into domestic demand.",
  "sections": [
    {
      "heading": "Key findings on vulnerabilities and transmission channels",
      "content": "- Malaysia’s economy is vulnerable to a prolonged downturn in advanced economies or a sharp escalation in global financial stress.\n- Weaker exports and terms of trade would spillover into domestic demand.\n- Financial spillovers could include a reversal of cross-border bank and portfolio flows.\n- Healthy financial and corporate balance sheets, ample foreign exchange reserves, and room to further loosen monetary policy would help contain the impact of an external shock on the financial sector and the economy."
    },
    {
      "heading": "Policy implications and buffers",
      "content": "- Maintain and leverage healthy financial and corporate balance sheets to absorb shocks.\n- Rely on ample foreign exchange reserves to mitigate external financing stress.\n- Use remaining room to further loosen monetary policy if needed to support domestic demand.\n\n---\n\n Content in this bundle\n\n- Malaysia: 2011 Article IV Consultation; IMF Country Report 12/43; December 23, 2011\n  - Malaysia: 2011 Article IV Consultation; IMF Country Report 12/43; December 23, 2011 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Malaysia: 2011 Article IV Consultation; IMF Country Report 12/43; December 23, 2011 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/malaysia-staff-report-for-the-2011-article-iv-consultation-25728/index.md)",
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    "Published: February 10, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463939724.002",
    "Malaysia’s economy is vulnerable to a prolonged downturn in advanced economies or a sharp escalation in global financial stress.",
    "Weaker exports and terms of trade would spillover into domestic demand.",
    "Financial spillovers could include a reversal of cross-border bank and portfolio flows.",
    "Healthy financial and corporate balance sheets, ample foreign exchange reserves, and room to further loosen monetary policy would help contain the impact of an external shock on the financial sector and the economy.",
    "Maintain and leverage healthy financial and corporate balance sheets to absorb shocks.",
    "Rely on ample foreign exchange reserves to mitigate external financing stress.",
    "Use remaining room to further loosen monetary policy if needed to support domestic demand.",
    "**Malaysia: 2011 Article IV Consultation; IMF Country Report 12/43; December 23, 2011**"
  ],
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      "title": "Malaysia: 2011 Article IV Consultation; IMF Country Report 12/43; December 23, 2011",
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}