The Malaysian economy expanded by 4.9% y-o-y in Q2, the smallest growth since Q4 2013. The unemployment rate remained unchanged at 3.1%. The Ringgit recorded a year-to-date drop of 27% against the US dollar, driven by the devaluation of the Renminbi amid concerns on China’s economic growth, weakened investor sentiment, and low oil prices.
Investment activities remained strong, notwithstanding the uncertainties on the economic and political front that continue to plague the country and erode business confidence. Although overall bank lending continues to grow, the tightening of credit on the property sector is likely to deter deal flow.
To read the full article, please visit DTZ Property Times: Q3 2015 Kuala Lumpur
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