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Analysis by Region - Asia Pacific

Publisher Oxford Economics
Published Apr 01, 2022
Length 10 Pages
SKU # OFE17063573

Description

Analysis by Region - Asia Pacific

We expect domestic demand to be a key driver of economic growth over 2022-2023 as activities normalise and labour market conditions improve following the end of most coronavirus pandemic-related restrictions. That said, Russia's invasion of Ukraine has created new sources of risk. We think Malaysia's economy will be negatively affected mainly via higher energy and commodity prices and lower foreign demand. However, Malaysia is a net oil exporter, so it should be more shielded than some regional peers. Overall, we forecast GDP to grow 6.1% in 2022 and 6.4% in 2023. We still expect interest rates to be raised twice by a total of 50bps, starting in Q3.

Table of Contents

10 Pages
Malaysia: Downside risks to our GDP growth forecasts have risen
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics

Pricing

Currency Rates
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