World Bank maintains growth forecast at 4.3% this year

FILE PHOTO: The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo

KUALA LUMPUR: The World Bank has maintained its 2024 economic growth outlook for Malaysia at 4.3% in its April 2024 East Asia and Pacific Economic Update on expectation of a likely recovery in global growth and the easing of restrictive financial conditions.

East Asia and Pacific chief economist Aaditya Mattoo said domestic demand will continue to anchor growth, and Malaysia is also set to benefit from the recovery in the export market.