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The International Monetary Fund (IMF) has revised Malaysia’s GDP outlook to 4.4% for 2024, up from 4.3%, with a similar projection for 2025. The global growth forecast remains steady at 3.2%.
Risks include geopolitical tensions and supply-side challenges, while potential upside factors include looser fiscal policies and advancements in technology.
Global inflation is expected to decline, with advanced economies reaching their targets sooner than emerging markets. The IMF emphasizes the need for balanced policies to navigate uncertainties and support economic recovery.
“The forecast for 2024 is revised up by 0.1 percentage point from the January 2024 WEO update and by 0.3 percentage point from the October 2023 WEO,” it says.
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