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Malaysia Economy Resilient

Malaysia Economy ResilientMalaysia Economy Resilient

The Malaysian economy remained resilient in the eye of the storm to maintain at least 4% growth for the first three quarters of 2016 in spite of a challenging global environment, Bernama reported. There are reasons to cheer as the country had weathered the dark clouds and maintained its economic momentum when other developed nations recorded lower growth rates of below 1% with the risk of facing recession. Meanwhile, World Bank expects Malaysia’s economic growth to grow only slightly faster at 4.3% next year from the expected 4.2% for 2016.

 

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