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.