World Bank raises Malaysia's GDP growth forecast

KUALA LUMPUR: The World Bank has revised Malaysia’s 2017 gross domestic product (GDP) growth forecast upwards for the second time this year to 5.2%, primarily attributed to stronger investments and the recovery in world trade.

In its latest October 2017 edition of the East Asia and Pacific Economic Update, the World Bank raised its GDP forecast from 4.9% in June as domestic economic activities accelerated by 5.7% year-on-year during the first half of 2017. Earlier in April this year, the institution had predicted the Malaysian economy to grow by 4.3% in 2017.