Lim Sian See
The World Bank has raised its forecast for Malaysia’s 2018 Gross Domestic Prooduct (GDP) growth to 5.4 per cent from 5.2 per cent previously, on sustained high level of private sector expenditure.
The revision, the first for this year, is the fourth in a row following three upward revisions in 2017 from 4.8 per cent, 5.2 per cent and 5.8 per cent in April, October and December last year.
The World Bank said Malaysia had experienced a significant acceleration of growth at 5.9 per cent in 2017, supported by a confluence of favourable domestic and external factors.
“Malaysia’s growth is expected to remain strong in the near term, albeit at a more moderate pace compared to 2017. In aggregate, Malaysia is forecast to register an economic growth rate of 5.4 per cent in 2018, supported by the continued strength of private consumption.
Here is the more accurate version:
Latest World Bank report is good news, not bad, for BN
Source: Lim Sian See