Economic Research | 14 February 2018 | |||
Malaysia | ||||
Economic Update | ||||
2017 GDP Growth Strongest In Three Years Malaysia’s real GDP grew by a healthy pace of 5.9% YoY in 4Q17, albeit slowing from +6.2% in 3Q17, on account of a slowdown in exports, while domestic demand remained resilient. For the whole year, Malaysia recorded a stellar GDP growth of 5.9%, the fastest in three years, mainly due to a surge in exports, and subsequent pick-up in domestic demand. Further out, we are maintaining our 2018 real GDP forecast of 5.2%, moderating from +5.9% registered in 2017 (2016: +4.2%). This is on the back of slower export growth amid base effects after a surge in 2017 and slowdown in public spending, in line with the Government’s fiscal consolidation drive. However, real GDP growth would remain supported by resilient domestic demand, backed by relatively strong consumer spending and private investments during the year. Economists: Vincent Loo Yeong Hong | +603 9280 2172 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 12 Feb : 4Q17 Economic Activity Remains Healthy Despite Slowdown 08 Feb: Exports Ease in December but Cap a Robust Year 02 Feb: M3 And Loans Growth Looks To Accelerate In 2018 26 Jan: BNM Raises Rates Amid Strong Economic Activity 24 Jan : 2017 Inflation – Highest In Nine Years | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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