Malaysian Economy Grew 5.4% in Q1 2018
Kuala Lumpur | 17th May 2018
The Malaysian economy grew by 5.4% in the first quarter of 2018. Overall growth was underpinned by continued expansion in private sector activity and strong support from net exports.
“Malaysian economy grows by 5.4%”
From the supply side, all economic sectors expanded. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.4% (4Q 2017: 1.0%). Headline inflation declined to 1.8% in 1Q 2018 (4Q 2017: 3.5%), reflecting the smaller contribution of domestic fuel prices due to the smaller increase in global oil prices compared to the previous quarter and a stronger ringgit exchange rate in 1Q 2018.
Growth is expected to remain favorable in 2018, with domestic demand continuing to be the key driver of growth. Growth prospects are further supported by continued positive spillovers from the external sector to domestic economic activity.
Official Press Release by Bank Negara Malaysia