World Bank says Malaysian economy should pick up in 2017

World Bank: ‘Malaysia’s main exports have over time diversified into manufacturing with electrical and electronics accounting for 40 of all exports.’

PETALING JAYA: The World Bank expects Malaysia’s economy to grow at a slower pace in 2016 from a year ago before picking up slightly in 2017 to 2018 as s commodity prices recover and global economic growth improves.

In its Economic Monitor Report, June 2016 which was released yesterday it said Malaysia’s growth remained resilient although its gross domestic product (GDP) was expected to slow down to 4.4% in 2016 from 5% last year.