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World Bank revises Malaysia's GDP growth to 4.9pct

Malaysia’s gross domestic product (GDP) is expected to grow by 4.9 percent this year as a result of continued increase in private consumption, according to the World Bank.

This is slightly higher than the government’s forecast of between 4.3 percent and 4.8 percent, and the World Bank’s own forecast of 4.4 percent in April. In comparison, Malaysia experienced a GDP growth of 4.2 percent last year.

“It is interesting at the World Bank when we find ourselves projecting growth just slightly above the range that the government projects.

“Sometimes we are a little bit low, but this time we are a bit above. Growth has been quite strong, and we’re actually quite positive for the remainder of 2017,” the World Bank’s Southeast Asia Office said today at the launch of the semi-annual Malaysia Economic Monitor Report in Kuala Lumpur...

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