With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and malaysian government investment issues innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth.
Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The Malaysian economy continues to expand, albeit at a slower pace. Growth is projected to be 4. Private consumption growth is expected to moderate from 7. 2015 and 2016, affected by the slowdown in disposable income and a softer labor market, though unemployment remains low. The current account surplus is projected to narrow from 4.
GDP in 2015, driven by low commodity prices. Malaysia has managed the downturn in commodity prices and the financial market volatility with an appropriate policy mix, notably exchange rate flexibility. The authorities have allowed the Ringgit to nominally depreciate by 20. January 2015 until December 8, 2015. Fuel subsidy removals have led to fiscal savings of 0. GDP, while GST collection is expected to amount to 2.