Malaysia’s economy could grow by up to 7 percent by the end of 2010 after contracting by 1.7 percent in 2009, the International Monetary Fund has predicted according to Reuters. In its annual review of Malaysia’s economy, the IMF noted that the country’s monetary policy is “appropriately recalibrated” to sustain growth and suggested that it strengthen its currency to balance the economy as well as domestic demand. Malaysian authorities concurred with the IMF on the said proposal.
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About the author
Ivy Mungcal
As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.
