WB lowers Malaysia economic growth rate to 4.6 pc

The World Bank has downgraded Malaysia’s economic growth this year to 4.6 per cent, from 4.7 per cent earlier due to weaker-than expected investment and export activity, according to its economic report revealed yesterday.

The World Bank said in a report, the adjusted growth forecast was due to Malaysia’s deep financial and trade integration with the global economy, unresolved trade tensions, heightened protectionist tendencies among major economies, a sharper-than-expected slowdown in larger economies, as well as the volatility in financial and commodity markets posing risks to growth in the near term.

 

WB lowers Malaysia economic growth rate to 4.6 pc

The World Bank has downgraded Malaysias economic growth this year to 4.6 per cent, from 4.7 per cent earlier due to weaker-than expected investment and export activity, according to its economic report revealed yesterday. The World Bank said in a report, the adjusted growth forecast was due to Malaysias deep financial and trade integration with the global economy, unresolved trade tensions, heightened protectionist tendencies among major economies, a sharper-than-expected slowdown in larger economies, as well as the volatility in financial and commodity markets posing risks to growth in the near term.