Malaysia to be high-income nation by 2024, says World Bank


MALAYSIA’S economy is projected to expand 4.7% next year and 4.6% in 2020, and the country is expected to achieve high-income status between 2020 and 2024, said the World Bank.

For this year, Malaysia’s economic growth is expected to moderate in the near term, growing 4.9% underpinned by continued strong growth in private consumption.

Last year, the nation’s economy expanded 5.9%.

“As a highly open economy, Malaysia will continue to face substantial risks relating to uncertainty in the external environment,” said the World Bank in its latest economic report on the region.

In Navigating Uncertainty, this month’s edition of the East Asia and Pacific Economic Update, the World Bank said heightened financial market volatility – triggered by either shifting monetary policy expectations in advanced economies or crises in other regions – could spread across emerging economies, including Malaysia, through capital outflows and pressures on exchange rates.

“Another key risk relates to the escalation in protectionist tendencies and trade tensions in some major economies, which could have an adverse impact on Malaysia, given its high level of integration with global markets and its dependence on global value chains as a source of growth.” – Bernama, October 4, 2018.


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Comments


  • - can anyone confirm the authencity of the following :-
    (a) the current loans to deposit ratio is geared to 92% ie total funds available in the system
    (b) total loans extended at this moment stand at 1.57 trillion
    (c) srr is now 3.5%
    (d) leaving working capital @ only 5.5%
    (e) our household debt ratio to GDP is at 89%
    - would sincerely look to the above queries being amswered as i get so many conflicting views pertaining to data / statistics
    - thkz / cheers

    Posted 5 years ago by Warrick singh dhalial · Reply

  • - can anyone confirm the authencity of the following :-
    (a) the current loans to deposit ratio is geared to 92% ie total funds available in the system
    (b) total loans extended at this moment stand at 1.57 trillion
    (c) srr is now 3.5%
    (d) leaving working capital @ only 5.5%
    (e) our household debt ratio to GDP is at 89%
    - would sincerely look to the above queries being amswered as i get so many conflicting views pertaining to data / statistics
    - thkz / cheers

    Posted 5 years ago by Warrick singh dhalial · Reply

  • ooop's
    humble apologies for posting twice
    accidently pressed

    Posted 5 years ago by Warrick singh dhalial · Reply