Malaysia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malaysia

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2024 Issue 073

Publication date: March 2024

ISBN: 9798400269837

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Topics covered in this book

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Labor , Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , staff appraisal , staff statement , income deficit , staff assessment , quarterly balance of payments , growth momentum , balance of payments position , market functioning , CPI weight , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Wages , Global

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Summary

Malaysia’s growth momentum has slowed but remains resilient to external headwinds. While monetary policy has paused its tightening cycle, fiscal policy is consolidating, and the ringgit had been under pressure through most of 2023. The government’s commitment to the reform priorities outlined in its national strategic plans is yet to fully materialize, with the economy’s path to high-income status hanging in the balance.