World Bank: Malaysia's economy to grow 4.3% in 2017

World Bank's outlook reflected a gradual slowdown in the growth of consumer spending and investment

KUALA LUMPUR: World Bank expects Malaysia's economic growth to grow only slightly faster at 4.3% next year from the expected 4.2% for 2016.

The global lender said the outlook reflected a gradual slowdown in the growth of consumer spending and investment, as global economic growth and commodity prices remain subdued and as households adjust to moderating job prospects and fiscal consolidation.

The World Bank today launched Malaysia Economic Monitor which noted that the Malaysian economy faced risks stemming from external developments.