World Bank lifts Malaysia’s economic growth forecast to 5.4%

Malaysia

KUALA LUMPUR: The World Bank has raised its forecast for Malaysia’s 2018 economic growth to 5.4% from October’s 5% projection but warned risks from shifts in external demand and financial market conditions could hurt prospects of the trade-reliant country.

Malaysia’s exports growth is likely to be sustained in the first half of this year in line with the rise in global trade, the multilateral agency said in its latest East Asia and Pacific Economic Update.