The World Bank has projected Malaysia’s gross domestic product (GDP) growth rate for this year at 3.9%, citing global challenges.
“With all possible caveats, we project Malaysia’s 2025 growth rate at 3.9%,” said the World Bank’s lead economist for Malaysia, Apurva Sanghi, in a post on X.
The World Bank has also revealed growth projections for other Asean countries, with Vietnam expected to lead at 5.8%, followed by Indonesia at 4.7%, the Philippines at 5.3%, Cambodia at 4%, and Thailand at 1.65%. China‘s projected growth rate is 4%.
The World Bank forecast comes after Bank Negara said the GDP growth forecast for 2025, currently projected between 4.5% and 5.5%, may need to be revised downward due to the impact of the US tariffs.
A day earlier, the International Monetary Fund had downgraded Malaysia’s growth forecast for 2025 to 4.1% from 4.7%.
