RHB | Malaysia | Challenging Economic Environment Amid Fiscal Tightening

Economic Research	25 March 2016
Malaysia
Economic Outlook
Challenging Economic Environment Amid Fiscal Tightening Malaysia’s real GDP growth moderated further to 4.5% y-o-y in 4Q 2015, slowing from +4.7% in 3Q and +4.9% in 2Q, resulting in the annual GDP slowing to 5.0% in 2015, from +6.0% in 2014. As domestic demand will likely slow even more sharply this year and with exports remaining subdued, we keep our forecast for Malaysia’s real GDP to slow down to 3.9% in 2016. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 09 Dec: Growth Slowdown Expected Amid Challenging Conditions 25 Sep: No Smooth Sailing, As Economy Strives Through Challenging Period 23 June: GST Impact To Gradually Wane In 2H 2015 17 Mar: Slower Growth Prospects, Inflation Hold Up By GST 08 Dec:  GST and Lower Crude Oil Price To Temper Growth In 2015 30 Sept: Slowing But Resilient Economic Growth In The 2H