World Bank forecasts Malaysia’s GDP growth to remain steady

The Asian Development Bank (ADB) is maintaining its economic growth outlook for Malaysia at 5.3% for 2018 and at 5% for 2019.

KUALA LUMPUR: The World Bank sees Malaysia as having a strong expanding economy, but the key to maintaining its success is to put more emphasis on developing its healthcare and education system.The World Bank, in its latest report on the country, has forecast growth to remain steady at 5.4% this year.

“What we continue to emphasise in this report (Malaysia Economic Monitor) is the importance of looking at the quality of growth -- looking at the inclusiveness of growth going forward and how every Malaysian can benefit from the economic success that the country has,” its country director for Brunei, Malaysia, the Philippines and Thailand, Dr Mara Warwick, said.