# Malaysia: A huge downside GDP miss in the second quarter | articles | ING THINK

> Malaysia's second-quarter GDP growth slowed to 4.5% year on year from 5.4% in the first quarter, well below the 5.2% expected, driven by weak net exports. ING cut its 2018 growth forecast to 4.5% and expects Bank Negara to hold policy steady for the rest of the year. The central bank also cut its own forecast to 5.0%.

- Date: 2018-08-17 · published 2018-08-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63777-malaysia-a-huge-downside-gdp-miss-in-the-second-quarter-articles-ing-think
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Weaker Malaysian growth and softer net exports point to lower domestic demand for commodities such as palm oil, and a slower economy keeps the ringgit under pressure.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-05-27 | [Malaysia macro update – It’s downtime \| articles \| ING THINK](https://feedsoft.ai/events/53394-malaysia-macro-update-it-s-downtime-articles-ing-think.md) | +12.9% | +16.5% |
| PALMOIL | 2023-01-09 | [Indonesia to miss boost from commodity boom as Jokowi’s term winds down \| articles \| ING THINK](https://feedsoft.ai/events/38103-indonesia-to-miss-boost-from-commodity-boom-as-jokowi-s-term-winds-down.md) | -2.4% | -2.5% |
| PALMOIL | 2024-09-22 | [MYR USD: Malaysia Ringgit Set for Best Quarter Since 1973, Signaling More Gains - Bloomberg](https://feedsoft.ai/events/28584-myr-usd-malaysia-ringgit-set-for-best-quarter-since-1973-signaling-more-gains.md) | +1.1% | +9.0% |
| PALMOIL | 2020-05-23 | [Sideways trading seen for the ringgit as trade tensions worsen \| Malay Mail](https://feedsoft.ai/events/53396-sideways-trading-seen-for-the-ringgit-as-trade-tensions-worsen-malay-mail.md) | +9.7% | +16.2% |
| PALMOIL | 2016-11-21 | [Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum](https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum.md) | +1.4% | +6.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/malaysia-a-huge-downside-gdp-miss-in-the-second-quarter/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.