The IMF has revised its year-on-year economic growth forecast for Malaysia to 5.1% in 2022 from 5.6% previously. – The Malaysian Insight file pic, July 27, 2022.皇冠平台出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
THE International Monetary Fund (IMF) has revised its year-on-year economic growth forecast for Malaysia to 5.1% in 2022 from 5.6% previously, according to the fund’s latest World Economic Outlook Update July 2022 (published on July 26).
However, its latest forecast is lower than Bank Negara Malaysia’s projected GDP growth range of 5.3-6.3% for 2022.
The fund said the risks to the global economic outlook are overwhelmingly tilted to the downside.
“The factors such as the war in Ukraine could lead to a sudden stop of European gas imports from Russia, while inflation could be harder to bring down than anticipated either if labour markets are tighter than expected or inflation expectations unanchor.
“Tighter global financial conditions could induce debt distress in emerging markets and developing economies; renewed Covid-19 outbreaks and lockdowns as well as a further escalation of the property sector crisis, might further suppress Chinese growth and geopolitical fragmentation, could impede global trade and cooperation,” it added.,
IMF said that with increasing prices continuing to squeeze living standards worldwide, taming inflation should be the first priority for policymakers.
“Tighter monetary policies will inevitably have real economic costs, but the delay will only exacerbate them.
“However, tighter monetary conditions will also affect financial stability, requiring judicious use of macroprudential tools and making reforms to debt resolution frameworks all the more necessary,” it said.
The IMF suggested that targeted fiscal support can help cushion the impact on the most vulnerable, but with government budgets stretched by the pandemic and the need for a disinflationary overall macroeconomic policy stance, such policies will need to be offset by increased taxes or lower government spending.
“Therefore, policies to address specific impacts on energy and food prices should focus on those most affected without distorting price,” it said. – Bernama, July 27, 2022.