World Bank to review again Malaysia’s 2020 GDP growth

KUALA LUMPUR: The World Bank Group is reviewing Malaysia’s economic growth again for 2020, measured by gross domestic product (GDP), given the 2019 novel coronavirus (Covid-19) outbreak, said its representative to Malaysia and country manager Firas Raad.

This marks the second time that the group reviews the country’s economic growth for this year, after it revised down Malaysia’s GDP growth to 4.5% for 2020 from 4.6% previously due to weaker-than-expected investment and export growth. Notably, World Bank’s previous revision of the GDP growth was before Covid-19 hit the headlines.