Malaysia: Economy

Heavily reliant on external trade, Malaysia’s economy has slowed for a second year because of weak demand for exports of hydrocarbons and manufactures and export prices that are mostly lower. Nevertheless, the gross domestic product is seen growing at a moderate pace this year, though slightly undershooting the forecast in March, with growth expected to pick up in 2017. Inflation in 2016 is lower than was anticipated and is projected to rise moderately in 2017. ADB retains the forecasts for the current account surplus to narrow in 2016 and expand again next year. Read more from Asian Development Outlook 2016 Update

Economic forecasts for Southeast Asian countries

Country 2016 2017
Brunei Darussalam 1.0 2.5
Cambodia 7.0 7.1
Indonesia 5.0 5.1
Lao People’s Dem. Rep. 6.8 7.0
Malaysia 4.1 4.4
Myanmar 8.4 8.3
Philippines 6.4 6.2
Singapore 1.8 2.0
Thailand 3.2 3.5
Viet Nam 6.0 6.3
Average 4.5 4.6
Country 2016 2017
Brunei Darussalam -0.6 0.4
Cambodia 2.8 3.4
Indonesia 3.5 4.0
Lao People’s Dem. Rep. 1.6 2.3
Malaysia 2.1 2.5
Myanmar 9.5 8.5
Philippines 1.8 2.8
Singapore -0.8 0.8
Thailand 0.4 2.0
Viet Nam 2.5 4.5
Average 2.0 2.9
Country 2016 2017
Brunei Darussalam -4.5 -2.0
Cambodia -11.1 -10.2
Indonesia -2.3 -2.4
Lao People’s Dem. Rep. -16.0 -19.0
Malaysia 1.2 2.3
Myanmar -8.3 -7.7
Philippines 2.0 1.8
Singapore 19.5 19.5
Thailand 9.5 4.0
Viet Nam 3.0 4.0
Average 3.4 2.7

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/malaysia/economy on 10 December 2016