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Malaysia: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper describes economic developments in Malaysia during the 1990s. Real output growth strengthened to 8½ percent in 1993 from 7¾ percent in the previous year. In contrast to 1992, however, growth in output was driven exclusively by domestic demand, with all components recording stronger growth in 1993 than in the previous year. Consumption spending grew by 7¾ percent in 1993, up from 2¾ percent in 1992. Fuelled by higher real wages and the positive wealth effect of higher equity prices, real private consumption rose by 7½ percent in 1993, compared with 2½ percent in 1992.

Suggested Citation

  • International Monetary Fund, 1994. "Malaysia: Recent Economic Developments," IMF Staff Country Reports 1994/004, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1994/004
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