Economic Research | 2 April 2018 | |||
Malaysia | ||||
Economic Outlook | ||||
Slower Growth Amid Waning External Boost The Malaysian economy grew at a strong 5.9% in 2017 driven by a surge in exports, thanks to an upswing in global trade. The spillover effects from robust trade activities also led to a rise in domestic demand. Looking ahead, we expect real GDP to grow at a more moderate but healthy pace of 5.2% in 2018, on a normalisation in export growth from a high base in 2017, more moderate pace of private spending, and a slowdown in public spending in line with the Government’s fiscal consolidation drive. Our 2018 real GDP growth forecast is below consensus’ 5.3%. However, we are inclined to keep our forecast given potential downside risk posed by trade tensions between the US and China. Economist: Vincent Loo Yeong Hong | +603 9280 2172 | ||||
To access our recent reports please click on the links below: 05 Dec: Economic Growth To Moderate In 2018 20 Sep : Robust Economic Activity To Sustain Into 2018 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 | ||||
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 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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