World Bank sees 4.7% growth for Malaysia

SINGAPORE: Malaysia’s economic growth is expected to slow down to 4.7% in 2015 before normalising to 5% in 2016, while the current account would remain in a small surplus.

In the East Asia Pacific Economic Update released yesterday, the World Bank said lower oil prices would dampen growth through delays in capital expenditures in the oil and gas sector, a key driver of the recent investment boom.