World Bank lowers Malaysia GDP growth again to 4.7%

  • Economy
  • Tuesday, 18 Dec 2018

Slower GDP growth over next four to six months.

KUALA LUMPUR: The World Bank slashed Malaysia’s 2018 economic growth projection for the second time this year, bringing the forecast slightly lower than the Finance Ministry’s official guidance of 4.8%.

The government’s declining expenditure as well as lower public and private investments have led the World bank to cut its gross domestic product (GDP) forecast in 2018 to 4.7%, down from 4.9% as stated in October this year.

Earlier in July, the bank expected the country’s economy to grow by 5.4% this year. 

According to the World Bank country director for Brunei, Malaysia, Philippines and Thailand, Mara Warwick, the Malaysian economy remains resilient even though growth has continued to moderate.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

World Bank , Mara Warwick


Next In Business News

IHH Healthcare posts strong 3Q results
Malaysia to gain from China’s corporate plan
Capital A expects a strong final quarter
RHB Bank CFO to step down
Ringgit credit spreads of corporate bonds set to remain tight next year -- AmBank
Bursa Malaysia proposes LR amendments to boost fund-raising transparency
Public Mutual declares over RM42mil for four funds
RHB Bank’s CFO to step down
Bank Muamalat clinches top Islamic Retail Bank and CEO Award at IRBA 2023
IHH Healthcare's 3Q net profit more than doubles to RM532mil

Others Also Read