Malaysia's 2024 Growth May Be Better Than Expected, UOB Says -- Market Talk

Dow Jones07-19

0944 GMT - UOB sees upside risks to its 4.6% estimate for Malaysia's 2024 economic growth, given the higher-than-expected 2Q GDP print and a lower base in 2H last year, economists Julia Goh and Loke Siew Ting say in a note. The ongoing global technology upcycle, increased tourist arrivals and spending, continued investment inflows and the execution of key national initiatives are expected to drive growth, despite persistent external uncertainties, they reckon. UOB expects Bank Negara Malaysia to maintain its policy rate at 3.00% for now as robust domestic demand doesn't warrant any rate cut, even with global monetary easing. Key factors to monitor in 2H include inflation risk stemming from the government's subsidy cut and mitigation measures, UOB adds. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

July 19, 2024 05:44 ET (09:44 GMT)

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UOB expects Bank Negara Malaysia to maintain its policy rate at 3.00% for now as robust domestic demand doesn't warrant any rate cut, even with global monetary easing. Key factors to monitor in 2H include inflation risk stemming from the government's subsidy cut and mitigation measures, UOB adds. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 19, 2024 05:44 ET (09:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysia's 2024 Growth May Be Better Than Expected, UOB Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysia's 2024 Growth May Be Better Than Expected, UOB Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-19 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0944 GMT - UOB sees upside risks to its 4.6% estimate for Malaysia's 2024 economic growth, given the higher-than-expected 2Q GDP print and a lower base in 2H last year, economists Julia Goh and Loke ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0532188223.SGD","symbol_name":"JPMorgan Funds - ASEAN Equity A (acc) SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2452440596","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2452440596","pubTimestamp":1721382240,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0944 GMT - UOB sees upside risks to its 4.6% estimate for Malaysia's 2024 economic growth, given the higher-than-expected 2Q GDP print and a lower base in 2H last year, economists Julia Goh and Loke Siew Ting say in a note. The ongoing global technology upcycle, increased tourist arrivals and spending, continued investment inflows and the execution of key national initiatives are expected to drive growth, despite persistent external uncertainties, they reckon. UOB expects Bank Negara Malaysia to maintain its policy rate at 3.00% for now as robust domestic demand doesn't warrant any rate cut, even with global monetary easing. Key factors to monitor in 2H include inflation risk stemming from the government's subsidy cut and mitigation measures, UOB adds. 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The ongoing global technology upcycle, increased tourist arrivals and spending, continued investment inflows and the execution of key national initiatives are expected to drive growth, despite persistent external uncertainties, they reckon. UOB expects Bank Negara Malaysia to maintain its policy rate at 3.00% for now as robust domestic demand doesn't warrant any rate cut, even with global monetary easing. Key factors to monitor in 2H include inflation risk stemming from the government's subsidy cut and mitigation measures, UOB adds. 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