Malaysia Economic Monitor, June 2017 : Data for Development
Malaysia’s economic growth expanded strongly in first quarter (1Q) 2017. Gross domestic product (GDP) growth rate for 2017 is expected to accelerate to 4.9 percent, slightly above the government’s current projection range of 4.3 to 4.8 percent. The...
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World Bank, Kuala Lumpur
2017
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| Online Access: | http://documents.worldbank.org/curated/en/993771497248234713/Malaysia-economic-monitor-data-for-development http://hdl.handle.net/10986/27524 |
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okr-10986-275242021-05-25T09:01:23Z Malaysia Economic Monitor, June 2017 : Data for Development World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK BOND MARKET FISCAL TRENDS DATA FOR DEVELOPMENT CURRENT ACCOUNT Malaysia’s economic growth expanded strongly in first quarter (1Q) 2017. Gross domestic product (GDP) growth rate for 2017 is expected to accelerate to 4.9 percent, slightly above the government’s current projection range of 4.3 to 4.8 percent. The current account surplus has declined (1Q 2017: 1.6 percent of GDP; 4Q 2016: 3.8 percent of GDP) due to strong import growth. Gross imports growth, mainly of capital and intermediate goods, outpaced the significant increase in gross exports, resulting in a lower goods surplus. The current account surplus is projected to narrow further to 1.6 percent of GDP in 2017. Monetary policy is expected to remain accommodative and supportive for growth. The higher growth trajectory projected for 2017 opens up room to accelerate reduction in the fiscal deficit. Risks to the economy in the short-term stem mainly from external developments. Focus on implementing further structural reforms to raise the level of potential growth should continue. This include looking into measures to raise the level of productivity, encourage innovation, invest in new skills, leverage digital technologies, and continue ongoing efforts to improve efficiency of public service delivery. 2017-06-30T18:48:49Z 2017-06-30T18:48:49Z 2017-06 Report http://documents.worldbank.org/curated/en/993771497248234713/Malaysia-economic-monitor-data-for-development http://hdl.handle.net/10986/27524 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Kuala Lumpur Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Malaysia |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK BOND MARKET FISCAL TRENDS DATA FOR DEVELOPMENT CURRENT ACCOUNT |
| spellingShingle |
ECONOMIC GROWTH ECONOMIC OUTLOOK BOND MARKET FISCAL TRENDS DATA FOR DEVELOPMENT CURRENT ACCOUNT World Bank Group Malaysia Economic Monitor, June 2017 : Data for Development |
| geographic_facet |
East Asia and Pacific Malaysia |
| description |
Malaysia’s economic growth expanded
strongly in first quarter (1Q) 2017. Gross domestic product
(GDP) growth rate for 2017 is expected to accelerate to 4.9
percent, slightly above the government’s current projection
range of 4.3 to 4.8 percent. The current account surplus has
declined (1Q 2017: 1.6 percent of GDP; 4Q 2016: 3.8 percent
of GDP) due to strong import growth. Gross imports growth,
mainly of capital and intermediate goods, outpaced the
significant increase in gross exports, resulting in a lower
goods surplus. The current account surplus is projected to
narrow further to 1.6 percent of GDP in 2017. Monetary
policy is expected to remain accommodative and supportive
for growth. The higher growth trajectory projected for 2017
opens up room to accelerate reduction in the fiscal deficit.
Risks to the economy in the short-term stem mainly from
external developments. Focus on implementing further
structural reforms to raise the level of potential growth
should continue. This include looking into measures to raise
the level of productivity, encourage innovation, invest in
new skills, leverage digital technologies, and continue
ongoing efforts to improve efficiency of public service delivery. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Malaysia Economic Monitor, June 2017 : Data for Development |
| title_short |
Malaysia Economic Monitor, June 2017 : Data for Development |
| title_full |
Malaysia Economic Monitor, June 2017 : Data for Development |
| title_fullStr |
Malaysia Economic Monitor, June 2017 : Data for Development |
| title_full_unstemmed |
Malaysia Economic Monitor, June 2017 : Data for Development |
| title_sort |
malaysia economic monitor, june 2017 : data for development |
| publisher |
World Bank, Kuala Lumpur |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/993771497248234713/Malaysia-economic-monitor-data-for-development http://hdl.handle.net/10986/27524 |
| _version_ |
1764464635547746304 |