More Hurdles Amid Rising External Risks

Economic Research	29 June 2016
Malaysia
Economic Outlook
More Hurdles Amid Rising External Risks Despite facing pressure from tighter fiscal spending, Malaysia may get some much needed relief in the 2H from higher oil prices that will alleviate its tight fiscal position to cushion the downside risk from rising global uncertainty due to the Brexit. On balance, we expect Malaysia’s real GDP to slow down further to 3.8% y-o-y in 2H 2016, from +4.0% estimated for 1H for an annual growth forecast of 3.9% in 2016, easing from +5.0% registered in 2015. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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