MAEC PADLET MALAYSIA by tammie

GDP of malaysia

tarmieeho — 2018-11-13 04:29:03 UTC

According to the article ,Malaysia's economy is expected to increase steadily.
In the third quarter of 2018, it is said that Malaysia's GDP rose by 4.4%

The rise in GDP is due to the services and manufacturing sectors.
however on the other hand, the agriculture remained weak and has not improved from the previous quarter.

As for a overall view on Malaysia's GDP, in 2017 , it was worth 314.50 billion USD

The GDP value of Malaysia represents 0.51 percent of the world economy. GDP in Malaysia averaged 87.25 USD Billion from 1960 until 2017, reaching an all time high of 338.06 USD Billion in 2014 and a record low of 1.90 USD Billion in 1961.

ISSUE 3: UNEMPLOYMENT

w_zzhenfei — 2018-11-20 05:38:45 UTC

Prelim analysis:
Though global economy continues to make its recovery, Malaysia is facing youth unemployment rate estimate that will remain around 13.2% in 2018.

There is a slower pace of hiring fresh graduates as businesses are cautious about the economic performance that restrains them from expanding their workforce.

The labour force participation rate for young men is at 53% whereas for young women it is at 37%.

With the increased technological advancement and employment of foreign workers, this can cause risks of brain drain in the Malaysia's economy since businesses emphasis on cost efficiency and the dependence on cheap labour than to pursue innovation from fresh graduates.

Hence, Malaysia is facing high level of unemployment rate as businesses prefer cheap labour instead of innovation and is also cautious of the economy performance before making decisions to hire new employees.

INTRODUCTION TO MALAYSIA'S ECONOMY

s10185769 — 2018-11-22 07:13:36 UTC

Malaysia is the 66th largest country in the world with a population estimated to 30.33 million. The economy of Malaysia is the 38th largest economy in the entire world and is the 3rd largest in the Southeast Asia.

Malaysia's economic system is principally a laissez-faire, free economy with government control for national interests and for realignment of national wealth, focusing on trade, investment, manufacturing, and services.

Malaysia is well-endowed with natural resources in areas such as agriculture, forestry and minerals, thus their products mainly include cocoa, rice, rubber, palm, and oil. However, Malaysia is still not a developed country.

INFLATION

gladysswongg — 2018-11-23 04:53:11 UTC

Inflation Rate
(CPI, annual variation in %).
2013 -2.1
2014 -3.1
2015- 2.1
2016 -2.1
2017 -3.8
Note: Annual variation of consumer price index (CPI) in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.

INFLATION

gladysswongg — 2018-11-23 06:09:49 UTC

What is inflation?
Inflation is a sustained and continuous increase in the average level of prices of goods and services in the economy.

Prelim analysis:
- with high inflation rate, increase in wages does not really ameliorate the high cost of living among general Malaysians (some of them might still have difficulty to purchase basic necessities esp those with lower wage)
- Real interest=Nominal interest rate-inflation rate.
In this case, the real interest is only 6.6%-3.7%= 2.9%
- Huge proportion of income is spent on food -> demand-pull inflation
- inflation affects amount of income left to save
- employment rate increases, that might result in inflation.
-wage price spiral:
Further increase in prices of goods & services>

Hi

NAJ1 — 2018-11-23 07:15:16 UTC

Thank you for posting the preliminary analysis. You are on track. Do carry out more research and start writing your report.

Cheers!
Josh Nathan

HEYHEYHEY

s10185769 — 2019-01-19 04:11:46 UTC

USE THIS ARTICLE FOR INFLATION!!!! THAT ONE CANNOT

s10185769 — 2019-01-19 04:31:51 UTC