IMF throws support behind Malaysian economy

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The International Monetary Fund (IMF) has suggested that continued investment and a relatively healthy banking sector mean that Malaysia’s immediate economic future is bright.

Projected targets suggest that economic growth within 2011 could reach 5.25%. Banks are largely capitalised and liquid, which means the financial sector generally is in a positive state.

Inflation has risen steadily over recent years, but never to a level which could be described as unmanageable.

Malaysia has recently proposed an ambitious agenda designed to encourage sustainable economic growth going forward. It is hoped that the new plans will also serve to encourage the development of domestic sectors and increase public sector efficiency.

The news follows reports that wealthy Malaysian investors are attempting to take advantage of countries that have been affected by the global financial crisis by investing in their property markets.

General house prices in cities such as Kuala Lumpur and other regions have been steadily rising for the last few years. This has encouraged Malaysian property investors to look overseas for potential investments.

The main attraction is the ability to take advantage of the lower exchange rate within areas such as the Euro zone and the United States.

London is a particularly prized asset for many Malaysians investors, as property investment within the area would have seemed out of bounds just a few years ago.

This is further evidence that Malaysia appears to be suffering less than most as a result of the financial crisis which has affected economies all over the world.

Transfer Money to Malaysia

If you are looking to send money to Malaysia, think carefully about how you will be transferring money to Malaysia. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Malaysia – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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IMF throws support behind Malaysian economy

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