World Bank: Better data crucial amid Malaysia's 2017 economic growth revision to 4.9% | The Edge Markets
lterrat's bookmarks 2017-06-13
"The World Bank, which revised Malaysia's economic growth to 4.9% for 2017 from 4.4% forecast in April this year, called for better data management that can help the country achieve high income status.
The institution added that more reliable and open data access can boost growth for 2017, an outlook largely driven by strong private consumption, supported by improving labour market conditions.
World Bank country director for Southeast Asia Ulrich Zachau said the revision, which echoed Malaysia's economic growth of 5.6% in the first quarter 2017 (1Q17), included increasing private investments and major government-led infrastructure project as contributing factors.
It also revised the forecast growth for 2018 and 2019 to 4.9% and 5% respectively."