World Bank forecasts modest growth for M’sia

Economic forecasters: Hadad-Zervos (left ) and Rafael Munoz speaking to reporters at the release of East Asia and Pacific Economic Update by World Bank in Kuala Lumpur.

KUALA LUMPUR: The World Bank has projected a modest growth forecast for Malaysia at 4.3% this year and 4.5% in 2018, mainly driven by private consumption.

This is slightly below the midpoint of the official 2017 gross domestic product (GDP) growth forecast of between 4.3% and 4.8% announced by Bank Negara last month.