FW: RHB | Malaysia | Economic Growth Maintains a Robust Pace in 1H17

 

 

Economic Research			21 August 2017
Malaysia
Economic Update
Economic Growth Maintains a Robust Pace in 1H17   Malaysia’s real GDP recorded a stronger growth of 5.8% YoY in 2Q17, up from +5.6% in 1Q, on the back of stronger external activities and private consumption. Looking ahead, we expect GDP growth to moderate in 2H due to slower exports. Given the strong 1H17 GDP growth alongside an improvement in Malaysia’s growth prospects, we expect Malaysia’s real GDP growth to grow by a stronger pace of 5.3% in 2017, from +4.2% in 2016, on account of stronger projected growth in exports that could boost overall economic activity; a pick-up in domestic demand, as higher export growth would trickle down to an improvement in consumer spending and private investment; and a modest increase in public spending and investment.   Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   11 Aug : Industrial Activities Remains Robust  in 1H17 08 Aug : Forex Reserves Near The USD100bn Level 07 Aug : Exports Growth Slower In June Due To Festivities 02 Aug : Business Confidence Picks Up To 4-Year High 01 Aug : M3 Slows, Whilst Loan Growth Picks Up in June
Economics Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam,	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

 

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