Moreno: ‘The (weak) ringgit is an adjustment to these new realities.’
KUALA LUMPUR: Malaysia’s growth is expected to ease from this year through 2016 amid intensifying downside risks from a potential slowdown in China’s economy, the impending US interest rate hike, weak commodity prices and moderating domestic demand, according to the World Bank.
The global lender has projected Malaysia’s gross domestic product (GDP) growth to slow to 4.7% in 2015 from 6% last year.
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