Malaysia to become high-income nation by 2028, says World Bank

Free Malaysia Today

The status can be achieved a year earlier if the ringgit’s performance remains at its current level, says the bank’s lead economist for Malaysia.  Read More:  https://www.freemalaysiatoday.com/category/nation/2024/10/08/malaysia-to-become-high-income-nation-by-2028-says-world-bank/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #ApurvaSanghi #TheWorldBank #Covid19

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00:00The World Bank has predicted that Malaysia will achieve a high-income nation status by

00:072028.

00:08Apurva Sanggi, the bank's lead economist for Malaysia, said the country might achieve

00:14the goal a year earlier if the ringgit's performance remains strong.

00:19The World Bank also upgraded its forecast of the nation's gross domestic product growth

00:24from 4.3% to 4.9%, Pernama reported.

00:29Apurva said political stability and a conducive policy environment contributed to the upgraded

00:35forecast.

00:37He said improved sentiment, external factors, robust domestic data, as well as several government

00:43reforms have boosted the ringgit's position.

00:47Apurva also said Malaysia's per capita output growth was 12% higher than pre-COVID-19 pandemic

00:54levels, outperforming its Southeast Asian neighbours.

00:59Natasha Bust, FMT News.

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