Despite low oil prices and weak trade, economic growth slowed less than expected in 2015 due to private consumption. Growth—still driven by domestic demand—will slow in 2016 as external demand (especially from the PRC) weakens.
Risks include lower export demand and renewed weakness in oil and commodity prices. But it may be offset by budget stimulus from healthy international reserves, a flexible exchange rate, and well-developed capital markets.
Source: Asian Development Outlook 2016, ADB.
| Latest | Month-Ago | Year-Ago | |
|---|---|---|---|
| Composite Stock Price Index 1 | 1.0 (Feb17) | 1.0 | 1.0 |
| Broad Money Growth 2 | 4.5 (Mar17) | 4.5 | 3.6 |
| Headline Inflation Rate 3 | 5.1 (Mar17) | 4.5 | 2.6 |
| Industrial/ Manufacturing Production Growth Rate 3 | 4.7 (Feb17) | 3.5 | 3.5 |
| Merchandise Export Growth 3 | 13.7 (Mar17) | 13.7 | 19.1 |
| Exchange Rate Index 4 | 117.4 (Apr17) | 118.3 | 104.0 |
| 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. | |||
