16 November 2019

How Good/Bad Does Malaysia Economy Fares in 3Q19 ?

Economic and Financial Developments in the Malaysian Economy in 3Q2019

The Malaysian economy expanded by 4.4% in the third quarter

 Key Highlights

Services and manufacturing sectors continued to support growth

Headline inflation increased to 1.3% in 3Q 2019

Growth prospects continue to be largely supported by domestic demand
  • Continued private sector spending
  • Recovery in commodity production & operationalisation of new facilities
  • Resumption of large transportation projects

Going forward, materialisation of downside risks could weigh on growth prospects
  • Further escalation in trade disputes
  • Heightened geopolitical tensions
  • Volatility in commodity prices and production

Source: Bank Negara Malaysia

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