Malaysia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Authorities of Malaysia
IMF Staff Country Reports, April 28, 2017
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- Malaysia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Authorities of Malaysia
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Bibliographic details
- Published: April 28, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475596656.002
Summary findings
- The Malaysian economy delivered good performance over the past few years in a challenging global economic environment.
- The economy remained resilient despite the impact of global commodity price and financial market volatility, supported by:
- a diversified production and export base,
- strong balance sheet positions,
- a flexible exchange rate,
- responsive macroeconomic policies,
- deep financial markets.
- Domestic demand, led by private consumption, continues to be the main driver of growth.
Macroeconomic outlook and projections
- Real GDP growth slowed but Malaysia remains among the fastest-growing economies among its peers.
- Real GDP growth is expected to increase moderately to 4.5 percent year over year in 2017 from 4.2 percent in 2016.
Policy analysis and implications
- Resilience attributed to structural and policy features: diversification, balance sheet strength, exchange rate flexibility, macroeconomic responsiveness, and deep financial markets.
- Continued emphasis implied on policies that support domestic demand and private consumption as primary drivers of growth.
- Managing vulnerabilities associated with global commodity price and financial market volatility remains important given external risks.
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- Country Report