World Economy

Malaysia Growth Slowing

Malaysia Growth SlowingMalaysia Growth Slowing

Malaysia’s economic growth will likely decelerate to 4.7% in 2015 and a further decline in oil prices poses “significant” risks, the World Bank said Wednesday. “Investment in oil and gas will slow and private consumption is also projected to moderate as consumers adjust to higher prices” due to the implementation of a consumption tax in April 2015, Nasdaq said.