The Washington DC-based World Bank has downgraded Malaysia’s growth forecast this year by 0.3 points to 4.4%. The international financial institution has posted the biggest downgrades in growth forecasts in the region for the country and Indonesia, both commodity exporters. Indonesia’s estimate for this year was lowered by 0.2 percentage points to 5.1%. The largest forecast upgrade was for Thailand, with the World Bank now projecting an expansion of 2.5% this year, up from 2% in the earlier report.
World Bank downgrades Malaysia’s growth forecast
