Bernama, Economy, Growth

Bernama, Economy

World Bank maintains 4.6% projected growth for Malaysia in 2019 | The Malaysian Insight

World Bank maintains 4.6% projected growth for Malaysia in 2019

10/10/2019 10:22:00 AM

World Bank maintains 4.6% projected growth for Malaysia in 2019

It notes the government remains committed to its fiscal consolidation plan, with a continued expectation of achieving the 3.4% fiscal deficit target.

Malaysia looks set to maintain moderate growth in 2019. – The Malaysian Insight file pic, October 10, 2019.THE World Bank maintained Malaysia’s economic growth at 4.6% in 2019, underpinned by the continued robust growth in private consumption amid stable labour market conditions.

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In a note today, the World Bank said the weakness in the external sector is likely to persist over the near term, with heightened uncertainty surrounding the external environment and softening global demand for electronics and electrical products constraining export growth.

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