Asia Regional Integration Center
Tracking Asian Integration
The economy grew by 4.3% in 2019, its slowest in a decade, down from 4.7% in 2018. Despite decelerating slightly, growth in private consumption remained robust at 7.6%, offsetting sluggish growth in exports and domestic investment. Inflation remained muted at 0.7% even with strong consumption and some monetary policy easing—the central bank cut its policy rate from 3.25% to 3.00% in May. Export earnings declined by 4.3% due to weaker global growth, the trade tensions between the United States and the People’s Republic of China, and lower commodity prices. With the COVID-19 outbreak disrupting supply chains and travel, exports of goods and services are expected to continue to contract. GDP growth is thus expected to drop to 0.5% in 2020 before recovering to 5.5% in 2021.
Latest | Month-Ago | Year-Ago | |
---|---|---|---|
Composite Stock Price Index 1 | 1.0 (Dec20) | 1.0 | 1.0 |
Broad Money Growth 2 | 5.2 (Nov20) | 5.2 | 5.3 |
Headline Inflation Rate 3 | -1.7 (Nov20) | -1.5 | 0.9 |
Industrial/ Manufacturing Production Growth Rate 3 | -0.5 (Oct20) | 1.1 | 0.1 |
Merchandise Export Growth 3 | 5.4 (Nov20) | 5.4 | 1.1 |
Exchange Rate Index 4 | 108.1 (Dec20) | 109.6 | 110.5 |
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. |
Initiatives / FTAs
News
-
Macro News
473 items
-
RCI News
1070 items
-
Opinions & Editorials
109 items
Publications
-
Economic Reports
71 items
-
Papers
32 items
-
ADB Books
1 items
-
ADB Working Paper Series0 items
on Regional Economic
Integration -
Studies and Research
20 items