Malaysia Chartbook: Slow growth, weak inflation
- Overall GDP growth is expected to moderate to 4.5% in 2019, from 4.7% in 2018
- External headwinds have picked up amid the trade war and electronics down-cycle
- Weak domestic sentiments have translated to an uncertain investment outlook
- We have lowered 2019 inflation forecast to 0.9%
- Bank Negara remains on easing bias. We expect another 25bps rate cut in 4Q19
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