World Bank expects M’sian economy to pick up pace in 2017

FRIDAY, APRIL 22 KUALA LUMPUR- Release of Bank Negara's foreign reserves as at 15 April 2016 at 1800 (1000 GMT)

PETALING JAYA: The World Bank expects economic growth in Malaysia to trail expansion in the rest of the region this year, but to pick up pace from 2017 onwards as prices of commmodity stabilise.

“In Malaysia, growth should slow to around 4.4% in 2016, as the economy adjusts to weak commodity prices and public spending cuts due to lower natural resource sector revenues,” the World Bank wrote in its latest Global Economic Prospects report,