{"id":29611,"date":"2022-06-29T12:58:44","date_gmt":"2022-06-29T05:58:44","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=29611"},"modified":"2022-06-30T01:08:41","modified_gmt":"2022-06-29T18:08:41","slug":"the-world-bank-expects-malaysias-economy-to-grow-5-5-in-2022","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/the-world-bank-expects-malaysias-economy-to-grow-5-5-in-2022\/","title":{"rendered":"The World Bank expects Malaysia\u2019s economy to grow 5.5% in 2022"},"content":{"rendered":"

Malaysia is far from going into recession despite 40 percent of the world economies already in stagflation, experts say<\/span><\/p>\n

\"\"
For the economy to remain stable and for it to attract investors, however, political stability is a must. r.nagy\/Shutterstock<\/figcaption><\/figure>\n

New Straits Times<\/span><\/a> reported that MIDF Research projects the Malaysian economy to reach an average of six percent this year. “As long as average headline inflation does not surpass 3.0 percent year-on-year (YoY), we believe domestic spending will stay on an upward trajectory for this year and 2023,” said experts from the firm.<\/span><\/p>\n

The steady recovery will be backed by strong exports, high commodity costs, and domestic demand as an aftermath of the economy reopening.<\/span><\/p>\n

Dr. Apurva Sanghi, lead economist for Malaysia at World Bank Group, said that despite numerous global challenges, the Malaysian economy is \u201cdoing reasonably well.\u201d He also mentioned that the World Bank expects the country\u2019s economy to go up 5.5 percent this year, which is a huge jump from the projected global growth of 2.9 percent and regional growth of 4.4 percent, according to <\/span>Malay Mail<\/span><\/a>.<\/span><\/p>\n

More: Malaysia\u2019s economy remains resilient \u2013 expected to expand further<\/strong><\/a><\/p>\n

Shan Saeed, global chief economist at Juwai IQI, emphasised that Malaysia is far from going into recession despite two-fifths (or 40 percent) of the world economies are already in stagflation.<\/span><\/p>\n

He told <\/span>The Star<\/span><\/a>, the country is currently experiencing positive consumer sentiment and macroeconomic stability, instilling economic confidence in local investors. Global investors looking to invest wherever economic stability exists will be encouraged by this development.<\/span><\/p>\n

Woon Khai Jhek, senior economist at RAM Rating Services Bhd, also expressed the same sentiment, saying, \u201cMalaysia\u2019s current economic recovery looks to be on a firmer path this year. Domestic demand will be the key economic driver this year, benefiting from robust vaccination and booster coverage, continued improvement in the labour market, and ongoing policy support measures.<\/span><\/p>\n

For the economy to remain stable and for it to attract investors, however, Datuk K Yogeesvaran, former deputy DG (Macro) of the Economic Planning Unit at the Prime Minister\u2019s Department, noted that political stability is a must, as it guarantees consistent and integrated policymaking, reported <\/span>The Malaysian Reserve<\/span><\/a>.<\/span><\/p>\n

The Property Report editors wrote this article. For more information, email: propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Malaysia is far from going into recession despite 40 percent of the world economies already in stagflation, experts say<\/p>\n","protected":false},"author":12,"featured_media":29612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[464],"class_list":["post-29611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-economy","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"\nThe World Bank expects Malaysia\u2019s economy to grow 5.5% in 2022 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/the-world-bank-expects-malaysias-economy-to-grow-5-5-in-2022\/\" \/>\n<meta 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