kuala lumpur: The World Bank predicts Malaysia’s economic growth rate is 3.9% this year, citing global challenges.
In a post on his X account (@apurvasanghi), Dr. Apurva Sanghi, leading economist at the World Bank of Malaysia, said:
The World Bank has also revealed growth forecasts for other ASEAN countries, with Vietnam expected to lead at 5.8%, Indonesia at 4.7%, Philippines at 5.3%, Cambodia at 4% and Thailand at 1.6%.
Furthermore, China’s forecast growth rate is 4%.
Yesterday (April 24), Bank Negara Malaysia (BNM) Governor Datukselia Budul Rashid Gafor said it was the forecast for Malaysia’s GDP growth for 2025, and is currently forecast between 4.5% and 5.5%.
However, Ghaffour added that the central bank is not in a hurry to adjust its forecasts as the situation is still evolving.
A day ago, the IMF downgraded Malaysia’s actual GDP growth forecast to 4.1% in 2025, down from 4.7%, reflecting a wider downward revision across the region.
