Malaysia: Recent Economic Developments
Electronic Access:
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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.
Series:
Country Report No. 1999/085
Subject:
Balance of payments Bank credit Capital controls Capital outflows Commercial banks Expenditure Financial crises Financial institutions
English
Publication Date:
September 14, 1999
ISBN/ISSN:
9781451828252/1934-7685
Stock No:
1MYSEA0011999
Pages:
80
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