FW: RHB | Malaysia | MOF Economic Report 2017/2018 - Growth To Be Sustained As Fiscal Deficit Narrows

 

 

Economic Research			27 October 2017
Malaysia
Economic Update
MOF Economic Report 2017/2018 - Growth To Be Sustained As Fiscal Deficit Narrows   The MOF expects the Malaysian economy to sustain its strong growth momentum in 2018, although this would be moderate after a robust pick-up this year. It expects real GDP growth of 5-5.5% in 2018, vs +5.2-5.7% in 2017F. The working GDP number used by the MOF works out to be about 5.2% growth for 2018, ie slightly lower than the 5.4% estimated for 2017. The MOF’s growth projection was based on the resilient growth in domestic demand amid encouraging demand in the private sector, and a sustained growth in exports on strong global demand. We view the forecast as reasonable and broadly in line with our expectations. Reflecting the Federal Government’s commitment to consolidate its budget, Malaysia’s deficit is projected to narrow further to 2.8% of GDP in 2018, from a deficit of 3% of GDP estimated for 2017.   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:   24 Oct : Services Sector Drags Approved Investments 20 Oct : Inflation Picks Up Further on Higher Fuel Prices 20 Oct : Business Confidence Slips On Weaker Orders 12 Oct : Industrial Production Jumps To a Two-Year High 09 Oct : Higher Forex Reserves Amid Foreign Inflows
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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