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World Bank cuts 2022 East Asia growth outlook

MANILA: Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World Bank says. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific region, which includes China, to slow […]

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World Bank lowers 2023 growth target for Malaysia

PETALING JAYA: The World Bank has lowered its 2023 growth target for Malaysia to 4.2% from 4.5% earlier and warned that significant headwinds will continue to persist. World Bank lead economist for Malaysia Apurva Sanghi said as an open economy, Malaysia faces the brunt of global supply disruptions. “But if you zoom out, the disruptions […]

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