{"id":26260,"date":"2016-10-07T15:22:50","date_gmt":"2016-10-07T07:22:50","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=26260"},"modified":"2016-10-10T11:21:05","modified_gmt":"2016-10-10T03:21:05","slug":"malaysia-to-pick-up-growth-in-2017-says-imf","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysia-to-pick-up-growth-in-2017-says-imf","title":{"rendered":"Malaysia To Pick Up Growth In 2017, Says IMF"},"content":{"rendered":"<p>The Malaysian economy will pick up next year when the drag from weak external demand wanes and commodity prices improves, says the International Monetary Fund (IMF).<\/p>\n<p>Malaysia is projected to grow at 4.3% this year and 4.6% in 2017, it said in the latest Regional Economic Outlook.<\/p>\n<p>IMF added that while the near-term outlook for Asia remains strong, there were downside risks amid headwinds namely financial dislocations linked with capital flow volatility and sluggish global growth.<\/p>\n<p>A modest growth of 3.1% is expected for the global economy in 2016, which is a slight downward revision since its last outlook in April.<\/p>\n<p>Just two days ago, the World Bank <a href=\"http:\/\/www.themalaymailonline.com\/money\/article\/slower-us-growth-likely-to-affect-malaysia-world-bank-says\" target=\"_blank\" rel=\"nofollow\">said<\/a> the slowing economic growth in the United States would affect Malaysia due to its ties with the world\u2019s largest economy.<\/p>\n<p>The impact would be in terms of reduced exports of manufacturing goods, said Sudhir Shetty, the bank\u2019s chief economist for the East Asia and Pacific region.<\/p>\n<p>Ever since oil prices failed to recover, Malaysia has been struggling to keep up with its neighbours. The ringgit in particular has taken a beating, leading losses in Asia with a <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-10-07\/korean-won-ringgit-set-for-weekly-loss-as-fed-rate-hike-in-view\" target=\"_blank\">two-week low<\/a> today.<\/p>\n<p><em><a href=\"http:\/\/www.nst.com.my\/news\/2016\/10\/178626\/malaysia-pick-growth-2017-imf\" target=\"_blank\" rel=\"nofollow\">[Source]<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund is positive that Malaysia will see better economic prospect, predicting a 4.6% growth for 2017. <\/p>\n","protected":false},"author":29,"featured_media":18113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216],"tags":[],"class_list":["post-26260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysia To Pick Up Growth In 2017, Says IMF<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund is positive that Malaysia will see better economic prospect, predicting a 4.6% growth for 2017.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/malaysia-to-pick-up-growth-in-2017-says-imf\" \/>\n<meta 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