World Bank's macroeconomics, trade and investment lead economist Richard Record says the slightly trimmed GDP forecast was largely due to weaker-than-anticipated investment and export growth in the third quarter of 2019. – The Malaysian Insight pic by Kamal Ariffin, December 9, 2019.
THE World Bank has revised Malaysia’s gross domestic product growth forecast slightly down to 4.5% for 2020 as compared with this year’s forecast of 4.6%. Its macroeconomics, trade and investment lead economist Richard Record said the slightly trimmed GDP forecast was largely due to weaker-than-anticipated investment and export growth in the third quarter of 2019.
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