The World Bank forecast a decrease in the economic growth in Maldives for the next three years.
The economic growth of Maldives will decrease this year and the next two years, according to South Asia's Global Economic Prospect Report of World Bank. The Global Economic Prospect Report states economic growth of Maldives increased 7.9 percent in 2018 due to the growth in tourism and construction sector.
The World Bank projected 5.7 percent growth in the economy for this year and while the rate for 2020 stands at 5.2 percent and 2021 stands at 5.3 percent. Meanwhile, the economic growth in past three years stood in between 7.3 percent and 7.9 percent.
Among the South Asian countries, India and Bangladesh are expected to experience the highest rates of economic growth in the upcoming three years.