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Analysis by Region - Asia Pacific - Malaysia

Publisher Oxford Economics
Published May 28, 2022
Length 10 Pages
SKU # OFE17206735

Description

Analysis by Region - Asia Pacific - Malaysia

We have raised our 2022 GDP growth forecast by 1.3ppt to 7.2% following a 1.3% q/q rise in Q1 GDP and evidence of a faster-than-anticipated recovery in domestic demand. Boosted by stronger tourism following the reopening of borders on 1 April, we expect services to offset a moderation in manufacturing and exports growth, due to the fallout from Russia’s invasion of Ukraine and Covid lockdowns in China. We look for GDP to grow by 4.2% in 2023.

Table of Contents

10 Pages
Malaysia: Strong household spending underpins growth upgrade
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
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