# Malaysian economy defies all expectations in 2017 - The Malaysian Reserve

> The Malaysian Reserve reports Malaysia's economy grew above 5% over the last three quarters on strong domestic demand and exports, prompting IMF and World Bank upgrades to 2017 forecasts. The ringgit had been Asia's weakest currency early in the year.

- Date: 2017-12-21 · published 2017-12-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67752-malaysian-economy-defies-all-expectations-in-2017-the-malaysian-reserve
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Robust Malaysian growth supports domestic demand and palm oil consumption, a mildly supportive factor for palm oil prices.

## Read by commodity

- USDMYR: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-07 | [Malaysian ringgit to rally to eight-month high, top banker says - The Business Times](https://feedsoft.ai/events/70761-malaysian-ringgit-to-rally-to-eight-month-high-top-banker-says-the-business.md) | -2.0% | +0.6% |
| PALMOIL | 2021-09-19 | [Ringgit expected to stabilise against the dollar this week](https://feedsoft.ai/events/45320-ringgit-expected-to-stabilise-against-the-dollar-this-week.md) | +1.0% | +12.6% |
| PALMOIL | 2022-02-28 | [Ringgit could be more well-positioned in the medium term](https://feedsoft.ai/events/42960-ringgit-could-be-more-well-positioned-in-the-medium-term.md) | +9.2% | +9.9% |
| PALMOIL | 2020-03-18 | [Soybeans: US government supports economy with USD 1 trillion  - Mundus Agri](https://feedsoft.ai/events/54189-soybeans-us-government-supports-economy-with-usd-1-trillion-mundus-agri.md) | +0.3% | -3.3% |
| PALMOIL | 2021-06-10 | [In the eye of the storm: How the oilseeds market emerged as the global driver of agriculture markets, its role in wider food price inflation - Fastmarkets](https://feedsoft.ai/events/46619-in-the-eye-of-the-storm-how-the-oilseeds-market-emerged-as-the-global-driver-of.md) | -6.9% | -5.0% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/12/22/malaysian-economy-de-es-expectations-2017/

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