Malaysia: Recent Economic Developments

September 14, 1999

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Malaysia: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed November 24, 2024

Summary

This paper describes economic developments in Malaysia in 1998. Most major sectors recorded lower output in 1998, with the manufacturing and construction sectors among the hardest hit. Manufacturing output contracted by 10.2 percent in 1998, following strong, robust growth averaging 13.5 percent in 1994–97. Falling domestic demand and, to a lesser extent, weaker overseas orders were the major factors behind the decline. The decline, which gathered momentum over the course of the year, was broad-based across industries, and was more pronounced in industries producing construction-related materials and transport equipment.

Subject: Balance of payments, Bank credit, Capital controls, Capital outflows, Commercial banks, Expenditure, Financial crises, Financial institutions

Keywords: BNM intervention rate, Capital controls, Capital market, Capital outflows, Commercial banks, CR, Exchange rate, Financial crisis, Foreign direct investment, Global, ISCR, Monetary policy, Private sector, U.S. dollar

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/085
Stock No:

1MYSEA0011999
ISBN:

9781451828252
ISSN:

1934-7685

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