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1、AsiaPacificEconomicOutlook4thQuarter2017Q42017COVERIMAGEBYJESSICAMCCOURTAsiaPacificEconomicOutlookCONTENTSMalaysia
2、 3PushingthepedalfasterthroughturmoilThePhilippines
3、 7PoisedforstronggrowthagainTaiwan
4、 13ExportgrowthbodeswellforGDPexpansionVietnam
5、 17FastandsteadyAsianexports
6、
7、 23Timetobetonastrongshow12AsiaPacificEconomicOutlookTheMalaysianeconomyregisteredthefastestgrowthintwoyearsfortwoconsecutivequarters,duetostrongerprivatespendingandexports.Whilethegrowthoutlookfortheeconomyhasbeenrevisedup,thereareconsiderablerisks,primarilyfrompoliticaluncertainty
8、andtheeconomy’scontinueddependenceonoilexportsforitsgrowthandrevenue.MalaysiaPushingthepedalfasterthroughturmoilByRumkiMajumdarIntroductionandsubsidiestolow-incomehouseholdsandhous-ingpackagestothecountry’smajorityethnicgroup,Afterstartingtheyearonafirmnotewithfirstwhichcushionedthe
9、fallintotalpersonalincomequartergrowthof5.6percent,Malaysiapostedevenduetoweakerwages.Ontheotherhand,improvingstrongergrowthof5.8percentinthesecondquar-globalconditionsandstrongdemandforelectronicsterof2017,beatingmarketexpectationsofaslightboostedexports,whichgrewstronglyfortheseco
10、ndslowdown(Reuters’pollforecast).1Backedbystrongconsecutivequarter,atarateof9.6percent.domesticdemand,particularlyduetoprivatesec-Onthesupplyside,themanufacturingandser-torspending,exports,andbroad-basedexpansionvicessectorsperformedrobustly,registeringannualacrossallmajorsectors,ec
11、onomicgrowthwasthegrowthof6.0percentand6.3percent,respectively,fastestintwoyears.inQ2.Double-digitgrowthinmanufacturingprod-Privateconsumptiongrew7.1percentandpri-uctsalesandretailtradesinceFebruary2017andanvateinvestmentgrew7.4percentannuallyinQ2above-20.0percentgrowthingoodsexport
12、sinthe2017.Inlargepart,theunexpectedstrengthwaslasttwoquartersboostedthemanufacturingsector.probablybecauseofthegovernmentcashhandouts3Q42017Improvedassetqualityandprofitabilityof“Itisanotherrecognitionforthecountry’seconomicfinancialinstitutionsandfavorablefundingcondi-management.”
13、2Inotherwords,thepr