## Malaysia: Staff Report for the 2014 Article IV Consultation

_IMF Staff Country Reports, March 3, 2015_

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**Canonical URL:** [Malaysia: Staff Report for the 2014 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/malaysia-staff-report-for-the-2014-article-iv-consultation-42761)

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## Bibliographic details
- Published: March 3, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498392815.002

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### Economic performance in 2014
- Growth accelerated to 5.9 percent in 2014, supported by robust domestic private demand and a recovery in exports.
- Inflation was contained at 3.1 percent in 2014, despite policy changes that removed fuel subsidies and increased electricity tariffs.
- The economy is described as well-diversified.

### Outlook and projections
- Growth is expected to moderate to 4.8 percent in 2015.
- Strong investment momentum is expected to help offset headwinds from continued fiscal consolidation.

### Energy prices and sectoral effects
- Lower energy prices helped contain headline inflation.
- Lower energy prices will be a drag on oil and gas production.
- Lower energy prices should provide a boost to the large non-oil sector.

### Policy context and themes
- Continued fiscal consolidation is identified as a headwind to growth.
- Investment momentum is highlighted as a key offsetting factor to fiscal consolidation.
- Removal of fuel subsidies and an increase in electricity tariffs were implemented and factored into inflation outcomes.

_ Source: Malaysia: Staff Report for the 2014 Article IV Consultation_

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/malaysia-staff-report-for-the-2014-article-iv-consultation-42761_