International Reserves in Malaysia
Malaysia - International ReservesThe economy contracted in the third quarter, swinging from the prior quarter’s expansion, as the reinstatement of tight Covid-19 restrictions dampened household and capital spending and led to output disruptions, which weighed on exports. Turning to Q4, the economy has likely returned to growth, largely on an improving health situation and a rapid acceleration in the vaccination rate, which has allowed for the easing of restrictions. In other news, on 29 October the government presented its draft 2022 budget, which sees record-high spending of MYR 332.1 billion (around USD 80.7 billion), marking a 3.6% increase from this year’s budget. The draft bill, which rests on a 5.5%–6.5% GDP growth estimate and a 6.0% fiscal deficit forecast, emphasizes social spending, business resilience and sustainable growth, and highlights that the post-pandemic recovery is the government’s priority.
Malaysia - International Reserves Data
|International Reserves (USD)||95.3||94.5||102||101||104|
5 years of economic forecasts for more than 30 economic indicators.
Malaysia International Reserves Chart
Source: Malaysia Central Bank and FocusEconomics calculations.
|Bond Yield||3.32||0.15 %||Dec 31|
|Exchange Rate||4.09||0.0 %||Jan 01|
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November 29, 2021
Merchandise export growth accelerated for the fourth month running, coming in at 25.3% year-on-year in USD terms in October, above September’s 23.9%.
November 26, 2021
Consumer prices increased 0.73% over the previous month in October, accelerating from the 0.25% rise recorded in September.
November 24, 2021
Finance Minister Tengku Zafrul Aziz presented the government’s 2022 draft budget in late October.
November 12, 2021
The economy contracted a heavy 4.5% in annual terms in the third quarter of the year, contrasting the prior quarter’s 16.1% expansion, as surging Covid-19 cases in the period prompted the reinstatement of tough restrictions, hindering activity.
November 11, 2021
Merchandise exports grew 23.9% year-on-year in USD terms in September, above August’s 17.1% increase.