KUALA LUMPUR: The World Bank has adjusted Malaysia’s economic growth forecast for 2023, lowering it to 3.9% from the previous estimate of 4.3% while t...
The World Bank has adjusted Malaysia’s economic growth forecast for 2023, lowering it to 3.9% from the previous estimate of 4.3% while the projection for 2024 has been raised to 4.3% from the previous 4.2%.
Apurva told this to reporters at the release of the October 2023 East Asia and Pacific Economic Update and part one of the September 2023 Malaysia Economic Monitor today. Meanwhile, the economist said that the higher projection for 2024 is based on better external prospects – a stronger global growth, higher oil prices, stronger domestic demand, domestically higher number of approved investments, tourism that is bouncing back, improvements in the labour market, and overall easing inflation.
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