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ASEAN+3 Macroeconomic Research Office

MEMBER ECONOMIES

Malaysia

Latest Projections

Projected GDP Growth (2024):

0%

Projected Inflation Rate (2024):

0%
Updated as of April 2024

Annual Consultation Reports

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Annual Consultation Reports
AMRO’s 2023 Annual Consultation Report on Malaysia
The Malaysian economy rebounded strongly in 2022 driven by a strong recovery in domestic demand and robust export growth.
Annual Consultation Reports
AMRO’s 2022 Annual Consultation Report on Malaysia
The Malaysian economy is recovering strongly from the COVID-19 disruptions in 2021 and early 2022.
Annual Consultation Reports
AMRO’s 2020 Annual Consultation Report on Malaysia
Malaysia is in a strong position to ride a vaccine-led global economic recovery once the domestic COVID-19 situation is under control.
Annual Consultation Reports
AMRO’s 2018-19 Consultation Report on Malaysia
The Malaysian economy proved resilient to escalations in U.S.-China trade tensions and domestic commodity supply disruptions in 2018, thanks to robust private consumption and low inflation that persisted through the year.

What’s New

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Working Papers
Post-COVID Central Bank Balance Sheet Normalization and Its Implications: The Case of ASEAN-4 Economies
This paper sheds light on pandemic-related central bank balance sheet tools and ensuing normalization, with a particular focus on ASEAN-4 economies.
Press Releases
ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
Blogs
Malaysia’s Inflation is Cooling, But Beware of Five Potential Disruptors
Malaysia’s headline inflation has been moderating in recent months. The pace of consumer price increases has come off steadily from 4.2% in the latter half of 2022 to below 2% since August 2023.
Blogs
Malaysia: Did Policy Rate Hikes Lead to Tightened Liquidity and Where Are We Now?
When BNM started raising the OPR in May 2022 to contain inflation, the subsequent sharp increase in the KLIBOR had sparked market concerns about a potential over-tightening in the interbank market.
Blogs
Malaysia: From Deindustrialization to Revitalization
In just six decades, Malaysia has transformed from a resource-based economy dependent on rubber and tin to a diversified economy .
Working Papers
A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of Malaysia
This paper develops a prototype macroeconomic model for assessing monetary and fiscal policy in a small emerging-market open economy. We then use this model to evaluate the performance of monetary and fiscal policies in Malaysia between 2005 and 2021.