Assessing the Impact of Oil Prices on the Malaysian Economy
The impact of oil prices on the macroeconomy has long been a topic of interest to economic researchers.
The impact of oil prices on the macroeconomy has long been a topic of interest to economic researchers.
The ASEAN+3 region is eager to adopt new technology and embrace the digital revolution, which will help regional economies progress in their development paths. This was highlighted by a discussion panel at the seminar on “Building Capacity and Connectivity for the New Economy” co-organized by the ASEAN+3 Macroeconomic Research Office (AMRO) and Malaysian Economic Association (MEA) in Kuala Lumpur on August 6, 2019. This seminar is part of AMRO’s outreach program to introduce key findings of its flagship report, the ASEAN+3 Regional Economic Outlook (AREO) 2019, which was published in early May. It attracted an audience of 120 participants from both the public and private sectors, and the media.
The Malaysian economy proved resilient to escalations in U.S.-China trade tensions and domestic commodity supply disruptions in 2018, expanding by 4.7 percent on the back of robust private consumption.
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.
Malaysia’s economy remains resilient despite the ongoing fiscal consolidation and various external headwinds such as the slowdown of the global electronics cycle, lower crude oil prices, and the U.S.-China trade tension.
Given the increased global and regional interconnectedness, it is important to measure the level of financial stress in regional economies and detect the areas within the financial system that drive the stress levels.
Malaysia’s economic growth is expected to strengthen to around 5 percent in 2017 and inflation to moderate after peaking in March, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from July 10 to 14, 2017.
An AMRO mission led by Dr Jae Young Lee conducted this year’s Annual Consultation Visit to Malaysia from August 8 to August 12. Dr Junhong Chang, AMRO Director, and Dr Hoe Ee Khor, AMRO Chief Economist participated in the policy meetings.