World Economy

Malaysia GDP to Grow 4.4%

Malaysia GDP to Grow 4.4%Malaysia GDP to Grow 4.4%

Malaysia’s economy remains resilient, with GDP projected to grow by 4.4% in 2016 and 4.5% in 2017, according to new economic analysis from the World Bank, CFOInnovation reported. The outlook reflects a gradual deceleration in private consumption in Malaysia due to softening in the labor market and continued adjustment to fiscal consolidation. Private investment is also expected to slow down as commodity prices and global economic growth remain subdued, according to the World Bank’s latest Malaysia Economic Monitor. The report notes that key risks facing the Malaysian economy stem from commodity price instability and uncertainty over the growth trajectory in the global economy and its impact on Malaysia’s exports.