Malaysia’s GDP growth to moderate to 4.9% for 2018
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Malaysia’s economic growth is expected to ease to 4.9% in 2018, as export growth slows and lower public investment following the cancellation of major infrastructure projects, said World Bank chief economist for the East Asia and Pacific region Sudhir Shetty.
As a highly open economy, he said Malaysia will continue to face substantial risks relating to uncertainty in the external environment.
Heightened financial market volatility either triggered by shifting monetary policy expectations in advanced economies could spread across emerging economies, including Malaysia.
Another key risk relates to the escalation in protectionist tendencies and trade tensions in some major economies that could have an adverse impact on Malaysia, given its high level of integration with global markets.
Questions & Answers
Q.What is the predicted GDP growth rate for Malaysia in 2018?
What is the predicted GDP growth rate for Malaysia in 2018?
Malaysia's economic growth is expected to moderate to 4.9% in 2018. This is primarily due to a slowdown in export growth and reduced public investment following the cancellation of major infrastructure projects.
Q.What are the main risks identified for Malaysia's economy in 2018?
What are the main risks identified for Malaysia's economy in 2018?
Substantial risks include uncertainty in the external environment, such as financial market volatility from shifting monetary policy expectations in advanced economies. Escalating protectionist tendencies and trade tensions in major economies also pose a significant threat.
Q.Who provided this economic forecast for Malaysia?
Who provided this economic forecast for Malaysia?
The economic forecast was provided by Sudhir Shetty, the World Bank's chief economist for the East Asia and Pacific region. He highlighted the factors contributing to the expected moderation in growth.
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