World Bank lowers Malaysia’s GDP growth to 4.7%

Published on 18 Dec 2018 4:55:17 PM

World Bank has 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 lower gross domestic product (GDP) forecast to 4.7%, down from 4.9% as stated in October this year.

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