fbpx
Previous
Next

Advertisement Banner

Lower GDP growth for Malaysia expected for 2016

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

GDP growth is a very good barometer for the property market. Especially so for the major cities here in Malaysia. Would anyone dare to buy KL properties if the economy is in negative zone? Well, 2016 is going to be ‘slower’ year for Malaysia according to AffinHwang Capital Research. As per reported in NST, it is revising its growth outlook for Malaysia downwards, from 4.5 percent to 4.2 percent for 2016. Major reason stated is a SLOWING WORLD economy and slower semiconductor sales. One major cause, the slowing of exports for electrical and electronic goods which is actually 36 percent of total exports. For 2017, GDP growth will be higher, at 4.4 percent.

Current account surplus will continue and remains SUBSTANTIAL at about RM250 billion or 2.1 per cent of GDP in 2016 compared with RM34.7 billion or 3 per cent of GDP in 2015. Do note that there are many advanced nations where there has been no account surplus for many years. The expectations from AffinHwang economists, Alan Tan and Lim Yee Ping for the Overnight Policy Rate (OPR) is that it should be maintained at 3 percent. The potential cut would be the reserve requirement (SRR) should the external environment deteriorates. It expects the inflation rate to be manageable at 2.5 per cent for 2016. Happy following and understanding.

written on 19 July 2016

Next suggested article:  BNM: Pre-Emptive measure is better

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We love to hear from you (Facebook Comment)

LIKE us for property news update, FREE.

Previous
Next

Advertisement Banner

kopiandproperty.com

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.
Previous
Next

Advertisement Banner

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,509 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: