Qualampur: The World Bank has estimated Malaysia’s economic growth at 3.9 percent this year citing global challenges.
For Malaysia, World Bank’s Chief Economist Dr. Apoorva Sanghi said in a post on his X account (@APUSANGI): “With all possible caves, we (World Bank) Malaysia’s 2025 growth rate at 3.9 percent.”
The World Bank has also revealed development estimates for other ASEAN countries, which is expected to increase by 5.8 percent in Vietnam, followed by 4.7 percent in Indonesia, 4.7 percent, Philippines 5.3 percent, Cambodia 4 percent and 1.6 percent in Thailand.
Additionally, China’s estimated growth rate is 4 percent.
Yesterday (24 April), Bank Negra Malaysia (BNM) Governor Datuk Seri Abdul Rashid Gafor said that Malaysia’s GDP growth forecast for 2025, currently between 4.5 percent and 5.5 percent, may be required to be modified down due to the impact of tariffs.
However, Gafor said that the central bank is not fleeing to accommodate the forecast, as the situation is still developing.
A day earlier, the IMF made Malaysia’s actual GDP growth forecast below 4.7 percent to 2025, showing a widely downward amendment throughout the region.
