Tuesday, August 1, 2017

Economic Activity Still Robust In Early 3Q

Economic Research
1 August 2017

Economic Update

Industrial and external activities maintained a robust pace in July, albeit easing slightly from the preceding month. Looking ahead, we anticipate the robust growth in exports and strong inflows of FDI to remain sustainable, and would trickle down to the domestic side, boosting overall economic activity. As a result, we forecast real GDP growth to grow at a stronger pace of 6.3% in 2017 (6.2% in 2016). This is premised on stronger growth in exports amid a recovery in global trade activity, sustained inflow of FDIs, robust private investment, and the Government’s efforts on economic restructuring and institutional reform.
Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
Economist: Aris Nazman Maslan | +603 9280 2184

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