Malaysia

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.