AEIR 2022

GDP contracted by 5.6% in 2020 due to the COVID-19 pandemic and as falling oil prices hurt exports. Mobility restrictions, rising unemployment, and falling wages dented domestic demand, with private consumption contracting by 2.5%. Similarly, investment shrank by 12.2% and exports by 8.8%. Consumer prices fell by 1.1% despite a cut in the overnight policy rate to 1.75% in July. The fiscal deficit widened to 6.2% of GDP from 3.4% in 2019 as government revenue declined by 14.9% in. GDP growth was forecast to rebound to 6.0% in 2021 before the mid-2021 surge in COVID-19 cases. GDP is forecast to grow by 5.7% in 2022.

Source: Asian Development Outlook 2021.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 1.0 (Apr22)1.0 1.0
Broad Money Growth 2 5.5 (Mar22)5.5 6.8
Headline Inflation Rate 3 2.2 (Mar22)2.2 1.7
Industrial/ Manufacturing Production Growth Rate 3 3.9 (Feb22)4.3 1.5
Merchandise Export Growth 3 22.7 (Mar22)22.7 12.8
Exchange Rate Index 4 113.8 (Apr22)112.0 109.9
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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