FW: RHB | Malaysia | Economic Growth Strongest In Three Years

 

 

Economic Research			20 November 2017
Malaysia
Economic Update
Economic Growth Strongest In Three Years   Malaysia’s real GDP grew by a stronger 6.2% YoY in 3Q17, vs +5.8% in 2Q17, on the back of stronger external activities and overall domestic demand. On the back of a stronger-than-expected growth in 3Q17, we lift our GDP forecast for 2017 to 5.6%, from +5.3% previously. As for 2018, we trim our forecasted growth to 5.2% on the back of a higher base in 2017, as well as a slowdown in public spending and investment. However, growth would continue to be supported by sustained growth in domestic demand, as strong export growth would trickle down to consumer spending and private 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:   16 Nov : MYR Hits One-Year High Amid Hawkish BNM 13 Nov : Private Investment And a Potential US Corporate Tax Cut’s Impact On Future Growth 09 Nov : BNM Hints at Policy Tightening in 2018 09 Nov : Robust IPI In 3Q Points Towards Stronger GDP Growth 08 Nov : Forex Reserves Continue To Climb Despite Outflows
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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