Malaysia: Recent Economic Developments

International Monetary Fund

No 1998/009, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper highlights that growth in Malaysia accelerated in 1994–95, underpinned by strong domestic and external demand. Exports of goods and services accelerated in 1994, owing to strong overseas demand and expanded production capacity, particularly in the electronics and electrical products industries. Private fixed capital formation grew by more than 25 percent per year (in real terms), in response to lower corporate tax rates, an increase in the reinvestment allowance, the decline in interest rates during 1994 and early 1995, and strong demand.

Keywords: ISCR; CR; private sector; U.S. dollar; financial institution; capital account; debt service; net lending; long-term debt; short-term debt; foreign direct investment; retained earnings; exchange rate; monetary policy; Public sector; Commercial banks; Imports; Exports; Global (search for similar items in EconPapers)
Pages: 81
Date: 1998-02-05
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