Boost needed for economy and property market
KUALA LUMPUR: World Bank has cut its growth forecasts for Malaysia for 2016 through 2018 amid a weak global economy.
The international lender now expects Malaysia's gross domestic product (GDP) growth to slow to 4.2% this year from 5%. This contrasted with its forecast in April of a 4.4% growth for 2016 .
For 2017, Malaysia's GDP growth is expected to improve to 4.3% and then to 4.5% in 2018, according to World Bank.
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