Tag: World Bank
World Bank official says war-driven oil price hikes to slash growth for big importers
A World Bank official highlights how persistent high oil prices triggered by the Ukraine conflict could reduce growth by a full percentage point for countries like China, Indonesia, South Africa, and Turkey, compounding existing economic challenges from the COVID-19 pandemic.
World Bank lowers Malaysia GDP growth due to pandemic.
The World Bank has reduced Malaysia's GDP growth projection to 4.5% from 6% in 2021, citing concerns about COVID-19 resurgence, healthcare system capacity, and economic disruptions. The downgrade reflects a slower pandemic containment strategy and vaccination rollout, impacting both families and businesses.
