Ministry Of Finance Economic Report 2016/17 – Growth To Improve on Optimistic Assumptions

Economic Research	21 October 2016
Malaysia
Economic Highlights
Ministry Of Finance Economic Report 2016/17 – Growth To Improve on Optimistic Assumptions The Ministry of Finance (MOF) expects the Malaysian economy to sustain a steady growth path for 2017 and projects a real GDP growth of 4.0%-5.0% in 2017, compared with +4.0%-4.5% estimated for 2016. The projection seems optimistic, in our view. The Federal Government expects its budget deficit to narrow further to 3.0% of GDP in 2017, from a deficit of 3.1% of GDP estimated for 2016. This is to be expected in order to ensure that the country’s sovereign credit remains intact, albeit at the expense of economic growth. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
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