{"id":21290,"date":"2016-07-29T07:00:28","date_gmt":"2016-07-29T00:00:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-to-suffer-most-from-brexit-say-japanese-economists\/"},"modified":"2016-07-29T12:10:41","modified_gmt":"2016-07-29T05:10:41","slug":"malaysia-to-suffer-most-from-brexit-say-japanese-economists","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-to-suffer-most-from-brexit-say-japanese-economists\/","title":{"rendered":"Malaysia to suffer most from Brexit, say Japanese economists"},"content":{"rendered":"


\nHaving amassed large amounts of credit to British banks and invested heavily in UK real estate, Malaysia will allegedly bear the brunt of Britain\u2019s referendum to leave the EU
\nGleaming towers places an old quarter in Kuala Lumpur in stark relief. Image credit: Sabrina Ariana (Flickr)
\nWhile it was previously reported that Malaysian developers in the UK are optimistic about their projects post-Brexit, the Japan Center for Economic Research (JCER) feels otherwise, warning that the country will bear the most exposure to detrimental after-effects of the referendum.
\nMalaysia is more heavily indebted to British institutions than other Southeast Asian countries, JCER revealed in their new forecast. The country also has the most foreign direct investments in Britain, compared with Indonesia, the Philippines, and Thailand.
\nLast year, Knight Frank found Malaysia to be the third largest Asian investor in the Australian and British property markets.
\nMalaysia maintains close trade relations with the UK. Exports to the UK and other EU countries account for just below 7 percent of the Malaysian gross domestic product (GDP), the highest among the four ASEAN countries surveyed by JCER.
\nOverall, exports account for about 70 percent of Malaysia\u2019s GDP.
\nMore: Yet another Asian investor staking their claim in post-Brexit London
\nMalaysia\u2019s dependence on exports to China will also weigh down on the ASEAN country. JCER predicts China\u2019s real GDP growth rate in 2016 to wind down to 6.5 percent.
\nAlthough real estate investment propped up China\u2019s GDP growth in H1 2016, a slower capital market is proving a hindrance to the country\u2019s economy.
\nJCER has projected that real gross domestic product (GDP) growth in Malaysia will fall to 4.1 percent for both 2016 and 2017, down from 5 percent last year. An earlier forecast this year had predicted 4.5 percent and 4.7 percent in 2016 and 2017, respectively.
\nSuch GDP growth would be the lowest in Malaysia since the 2009 recession.
\nJCER observed that Brexit has had negligible immediate ramifications on stock prices and exchange rates in these countries. The growth rate for the four ASEAN economies has been projected at 4.6 percent.
\nJCER expects an uptick in monetary easing measures, such as interest rate cuts, across the region.
\nRead next: Malaysians are now the third-largest Asian investors in UK and AU
\n
\nSource : property-report.com
\nRead more…Malaysia to suffer most from Brexit, say Japanese economists<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Having amassed large amounts of credit to British banks and invested heavily in UK real...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21290","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5xo","jetpack-related-posts":[{"id":18832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-happens-now-to-malaysian-property-investments-in-london-after-brexit\/","url_meta":{"origin":21290,"position":0},"title":"What happens now to Malaysian property investments in London after Brexit?","date":"July 6, 2016","format":false,"excerpt":"\r No turning back for the UK\u2019s Malaysian investors London\u2019s iconic Battersea Power Station. 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