World Bank further cuts Malaysia's 2021 growth forecast, but raises 2022 projection | The Edge Markets

KUALA LUMPUR (Sept 28): The World Bank has further cut its economic growth projection for Malaysia to 3.3% in 2021, from an earlier estimate of 4.5% in June. This is the bank's second revision.

However, it has also raised its 2022 projection for the country, with a GDP growth forecast of 5.8% — up from 4.2% previously — as it anticipates a stronger recovery as corrections kick in.

The World Bank’s revised forecast for 2021 is within Malaysia's new official forecast that was revised down to 3% to 4% in August. 

World Bank further cuts Malaysia's 2021 growth forecast, but raises 2022 projection | The Edge Markets