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The World Bank has projected Malaysia’s economy to grow by 5.7 per cent in 2014 and 4.7 per cent in 2015. Growth will be underpinned by robust domestic growth, against a less favourable external outlook. In its latest Malaysia Economic Monitor, launched today, it described enlarging the middle class as critical to reducing income inequality and promoting shared prosperity in Malaysia. “Malaysia has used its rich natural resources and high economic growth to lift millions of households out of absolute poverty,” says Ulrich Zachau, World Bank country director for Malaysia.
The World Bank has projected Malaysia’s economy to grow by 5.7 per cent in 2014 and 4.7 per cent in 2015. Growth will be underpinned by robust domestic growth, against a less favourable external outlook. In its latest Malaysia Economic Monitor, launched today, it described enlarging the middle class as critical to reducing income inequality and promoting shared prosperity in Malaysia. “Malaysia has used its rich natural resources and high economic growth to lift millions of households out of absolute poverty,” says Ulrich Zachau, World Bank country director for Malaysia.
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