28 March 2018

3 Key Takeaways from Bank Negara Malaysia Annual Report 2017

Against a background of broad-based global recovery and the relatively low volatility in the international financial markets, the Malaysian economy performed strongly in 2017. The Annual Report provides an analysis of the developments in the Malaysian economy and outlines the future challenges.



Key highlights:

In 2017, the Malaysian economy recorded a robust growth of 5.9% (2016: 4.2%), supported by faster expansion in both private and public sector spending. A key highlight of the year was the rebound in gross exports growth as global demand strengthened. This was due mainly to higher demand from major trading partners following the upswing in the global technology cycle, investment expansion in the advanced economies and the turnaround in commodity prices.

Economy to grow between 5.5% - 6.0% in 2018


Headline inflation increased to 3.7% in 2017 (2016: 2.1%). Inflation remained volatile during the year and was primarily driven by higher domestic fuel prices. Higher global commodity prices and disruptions in domestic food supplies also contributed to the higher inflation.

This, however, was mitigated by the stronger ringgit exchange rate since April 2017, which helped contain the rise in production costs for domestic goods. Core inflation was also higher in 2017, averaging at 2.3% for the year (2016: 2.1%). Nevertheless, demand-driven inflationary pressures remained largely stable given the lack of persistent tightness in capital stock and the absence of significant wage pressures.
Headline inflation expected to be between 2.0% - 3.0% in 2018

Malaysia’s external position improved considerably in 2017, benefiting from the favorable global economic landscape and relatively lower volatility in the international financial markets. Malaysia recorded a higher current account surplus, largely due to a higher goods surplus following the strong export performance, which more than offset widening deficits in the services and primary income accounts.

Gross exports rebounded to grow strongly by 18.9% (2016: 1.2%), driven mainly by export volumes, particularly in manufactured exports. Gross imports also registered double-digit growth of 19.9% (2016: 1.9%), mainly reflecting higher imports of intermediate goods, capital goods, and goods for re-exports. The increase in imports was in line with the robust manufacturing exports, more rapid investment in the manufacturing and services sectors, and robust global demand. 

Gross export will continue to record above-average growth in 2018

Source: Bank Negara Malaysia Annual Report 2017

6 comments:

  1. Are you searching ca cheap Escorts Girls in Kuala Lumpur and Malaysia +6011-2570 2500.Then Content a VIP Malaysia Escorts Agency, This Company provide a student Escorts and VIP Malaysia Escorts Girls
    indian model escorts in Malaysia

    ReplyDelete
  2. We give out loans within the range of $ 10,000 to $ 200,000,000.00 USD at the rate of 3% interest rate.Our loans are well insured and maximum security is our priority; Interested persons can contact us today via email: stevendonaldloanfirm36@yahoo.com or stevendonaldloanfirm36@gmail.com
    Please note that if you are under 18 do not to apply, write all your information properly checked with your countries high commission, so make sure you really are applicable to you. BORROWERS INFORMATION 1) Full name:......... 2) Country:......... 3) Address:......... 4) State:......... 5) Gender:......... 6) Marital status:......... 7) Job  .......... 8) Phone number:......... 9) Current position instead of work: 10) Monthly Income:......... 11) Loan Amount Requires:......... 12) Loan Duration:......... 12) Did you apply for a loan Before .......... 13) Age ..........

    BEST REGARDS

    ReplyDelete
  3. The Best Traders have no ego. you have to swallow your pride and get out of the losses. capitalstars

    ReplyDelete

Finance Malaysia Blog appreciates your comment. Cheers!

Related Posts Plugin for WordPress, Blogger...