2019年马来西亚经济形势

Abstract:Malaysian economy expanded 4.3% in 2019，reaching a new low of the recent decade. Private consumption remained as the main engine of economic growth. Due to the escalating trade tensions between China and the US and weakened external demand，exports growth slowed down and imports contracted. However，positive net export resulted in increase in current account surplus. Investment in infrastructure declined and growth of construction sector was significantly subdued，resulting in greater downward pressure on growth. Fiscal position of Malaysia was generally robust while public spending experienced moderate contraction. Looking into 2020，Malaysia’s economic outlook is facing major challenges. Given the domestic political turmoil and the global pandemic of COVID-19，Malaysian economy is forecasted to grow between-2.0% and 0.5% by the central bank. However，restrictions imposed on domestic economic and social activities in addition to weakened external demand and disrupted supply chain will likely to create intense negative pressures on the export sector and to further impact labour market and consumption. As a result，negative growth in 2020 seems inevitable，although fixed-asset investment and public spending may ease the downward pressure on the economy to some extent.

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