FW: RHB | Malaysia | Robust Economic Activity To Sustain Into 2018

 

 

 

Economic Research			20 September 2017
Malaysia
Economic Outlook
Robust Economic Activity To Sustain Into 2018   The Malaysian economy grew at a robust pace in 1H17, supported by a continued surge in exports and a strong increase in domestic demand. As growth in external activities is expected to continue on the back of sustained global growth outlook into next year, we expect GDP growth to maintain at a strong 5.4% in 2018 – inching up from +5.3% estimated for 2017.   In our view, domestic demand would likely take centre stage in fuelling growth, as the spillover effects from strong external demand become more broad-based. Also, an improvement in revenue collection amid stronger economic growth and potential pre-election spending would likely lead to a modest increase in public consumption spending and investments, contributing to overall economic growth, instead of posing a drag as in previous years.   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: 21 Jun: External Demand To Drive Growth For 2H17F 21 Mar: Improving Growth Outlook As Exports Recover 19 Dec: Facing Headwinds From Currency Volatility 20 Sep: Subdued Growth To Extend Into 2017 On Sluggish Exports 29 Jun: More Hurdles Amid Rising External Risks
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

 

 

 

This message is intended only for the use of the person(s) to whom it is addressed and may contain information that is privileged or otherwise protected from disclosure. If you are not the intended recipient you are hereby notified that any use, review, disclosure or copying of this message and the information it contains is prohibited. If you receive the message in error, please notify the sender by reply e-mail and discard all its contents.   Thank You.