World Bank: Malaysia’s economic fundamentals remain strong

World Bank Group

KUALA LUMPUR: Malaysia’s economic fundamentals remain strong due to its diversified economy, despite the recent downgrade by Nomura Global Markets Research on the Malaysian equity market, says the World Bank.

World Bank Group’s macroeconomics, trade and investment lead economist Richard Record said Malaysia’s diversified income stream such as electrical and electronic manufacturing, commodities, natural resources, agriculture, as well as external and domestic demand would give strength to Malaysia.