Jonathan Koh, economist at Standard Chartered, estimate Malaysia’s Q4 2018 GDP growth of 4.4% y/y, which is similar to Q3. Key Quotes “Private consumption may have eased from the 9% y/y growth in Q3 as the boost from the ‘tax holiday’ in June-August 2018 likely faded. Nevertheless, a rebound in mining and agriculture activity may have supported growth.” “As a result, 2018 GDP growth may come in at 4.6% y/y, lower than 5.9% in 2017. Private consumption was the main growth driver in 2018, accounting for 92% of GDP growth in 9M-2018 versus 64% in 9M-2017, benefiting from the ‘tax-holiday’ boost and strong labour market conditions.” “We forecast 4.9% GDP growth in 2019. Private consumption is likely to remain the main growth pillar.” “We maintain our call for Bank Negara Malaysia to keep rates on hold in 2019, with risks skewed towards a cut, especially if external demand worsens further and affects domestic activity.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: 5-day MA is key resistance FX Street 4 years Jonathan Koh, economist at Standard Chartered, estimate Malaysia's Q4 2018 GDP growth of 4.4% y/y, which is similar to Q3. Key Quotes "Private consumption may have eased from the 9% y/y growth in Q3 as the boost from the 'tax holiday' in June-August 2018 likely faded. Nevertheless, a rebound in mining and agriculture activity may have supported growth." "As a result, 2018 GDP growth may come in at 4.6% y/y, lower than 5.9% in 2017. Private consumption was the main growth driver in 2018, accounting for 92% of GDP growth in 9M-2018 versus 64% in 9M-2017, benefiting from the 'tax-holiday'… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
