AEIR 2018

Despite a significant drop in external demand and domestic investment, GDP grew 4.7% in 2018. Strong domestic consumption was buoyed by higher wages, a temporary tax holiday and increase in cash transfers to lower-income households. GDP growth will likely slow to 4.5% in 2019 due to expected weak external demand from slower growth in advanced economies and a moderation in global electronics trade. GDP growth will bounce back to 4.7% in 2020. A new refinery and petrochemical complex at Pengerangówith the capacity to process 300,000 barrels of crude per day shouldóbe operational by the end of 2019. The complex is expected to attract additional private investment to the Pengerang area.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 1.0 (Aug19)1.0 1.0
Broad Money Growth 2 4.9 (Jul19)4.9 5.1
Headline Inflation Rate 3 1.4 (Jul19)1.5 0.9
Industrial/ Manufacturing Production Growth Rate 3 3.9 (Jun19)4.0 1.4
Merchandise Export Growth 3 -0.1 (Jul19)-0.1 -7.2
Exchange Rate Index 4 111.6 (Aug19)109.9 109.1
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Department of Statistics of Malaysia.

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