MAEC Project: Malaysia by Drew Bridget Claire

GDP

drew_theseira — 2015-06-29 07:04:42 UTC

Malaysia's gross domestic product (GDP) of 5.6% recorded in the first quarter of 2015 was higher than most Asean and developed countries. Some of the countries include Singapore (2.1%), UK (2.4%) and USA (3%). The main factor boosting Malaysia's GDP is the private sector, with investments and consumption having a high growth.

For demand, the total consumption in Malaysia in the first quarter of 2015 recorded a 7.9% growth. This was due to a higher supply and services expenditure, largely contributed by food, non-alcoholic beverages, communications and transport. For supply, only the agriculture sector had a negative growth rate (-4.7%). According to the minister, agriculture was affected by the decline in oil prices, which contributed 41% to the sector. However, other sectors like mining,which had a double digit growth rate in crude oil, manufacturing, construction and services performed better and the growth rate was positive.

Unemployment

jealousypretty — 2015-06-29 07:09:22 UTC

The unemployment rate in Malaysia was recorded at 3.2% in February of 2015 from 32.1% in January of 2015 , according to the Statistic Department. However , the labour force participation rate also rose to 67.4% from 67.2% from January of 2015. The growth was because of the increase of 62,700 employed personnel in the labour market.

Although there was a number of employed rose 0.5% to 13.664 million in February , there was a 2.9% increase in the unemployed at 454,900 from 442,000 from January. Compared to February of 2014 , there was a 1.9% rise.

Inflation

2015-06-29 07:19:16 UTC

The inflation rate in Malaysia was recorded at 2.1 percent in May of 2015, reported by the Department of Statistics Malaysia.

The most important categories in the consumer price index are Food and non-alcoholic beverages (30 percent of total weight) and Housing, water, electricity, gas and other fuels (23 percent of total weight) and other areas such as Transportation & Recreational activities.

Consumer prices in Malaysia rose 2.1 percent year-on-year in May of 2015, up from 1.8 percent in April and slightly above market consensus. It is the fastest inflation since December 2014, mainly due to an increase in cost of food & non-alcoholic beverages; housing and utilities and furnishing, household equipment and routine maintenance.

GDP growth higher than most Asean countries, says minister

drew_theseira — 2015-06-29 07:38:28 UTC

Malaysia Inflation Rate at 5-month High

2015-06-29 07:44:21 UTC

Unemployment rate higher in February in Malaysia

drew_theseira — 2015-06-29 07:47:47 UTC

Tutor's Comments:

NAJ1 — 2015-07-06 03:32:51 UTC

Good choice of the country and

the articles.

Prepare a draft on the analysis

of all three articles into one report

and post it.