Malaysia Economic Outlook
November 14, 2017Economic momentum remained robust in Q3 as confirmed by more complete data. Export growth expanded by a double-digit pace in September, underscoring thriving external demand for Malaysian goods. Household spending was buoyed by a low unemployment rate in September and by higher wages, which were propped up by a thriving manufacturing sector, the key driver of industrial production growth in the quarter. The 2018 budget passed on 27 October is focused on fiscal consolidation and is expected to narrow the fiscal deficit from 3.0% in 2017 to 2.8% in 2018. Despite the tightening, the budget has consumer-friendly components that will increase disposable income. These include lower income tax rates, especially for middle-income earners; higher public wages; and increased assistance spending. Such policies also point to Premier Najib Razak’s efforts to secure voter support ahead of the 2018 elections.
Malaysia Economic GrowthThe current economic expansion is expected to remain robust this year and next. Economic growth should broaden as contributions from the external sector gain traction, while domestic demand is expected to be propelled by vibrant private consumption and higher investment spending. Nonetheless, the economy is susceptible to external shocks such as a global slowdown or regional geopolitical tensions. Met the why particular Consensus Forecast panelists expect GDP to expand a healthy 4.9% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel foresees the economy growing at a pace of 4.6%.
Malaysia Economy Data
5 years of Malaysia economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.95||0.15 %||Dec 06|
|Exchange Rate||4.08||0.0 %||Dec 06|
|Stock Market||1,718||-0.29 %||Dec 06|
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Malaysia Economic News
December 12, 2017
Industrial production expanded 3.4% year-on-year in October, moderating from September’s 4.7% growth and coming in below market expectations of a 3.8% increase.
December 7, 2017
In October, exports grew 18.3% year-on-year, picking up from September’s 13.3% expansion and again achieving double-digit annual growth.
November 24, 2017
According to the Statistical Institute, consumer prices decreased 0.2% in October from the previous month, following a 0.3% month-on-month rise in September.
November 9, 2017
Industrial production grew 4.7% year-on-year in September, moderating from August’s robust 6.8% expansion and below market expectations of a 6.2% increase.
November 9, 2017
On 9 November, Bank Negara Malaysia (BNM) decided to keep the Overnight Policy Rate unchanged at 3.00%, as widely expected by market analysts.