Latest World Bank Report on MALAYSIA


December 23, 2016

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Malaysia’s Finance Minister: He needs a lot of help; in stead as Prime Minister he is a victim of sycophancy

Note: All reports by the IMF, World Bank, Asian Development and other multilateral institutions should be read between the lines to discern what is not said. I am confident my readers will exercise due care when they are presented with reports on Malaysia by these institutions.–Din Merican

Latest World Bank Report on MALAYSIA

Image result for Malaysia --Panoramic View

Malaysia Economic Monitor December 2016: The Quest for Productivity Growth

Malaysia’s economic growth has slowed down but remains resilient to external challenges.

  • The gross domestic product (GDP) growth rate is projected to reach 4.2% in 2016 and 4.3% in 2017.
  • Private consumption is expected to continue driving economic growth, supported by low unemployment and government income-support measures.
  • Private investment growth is expected to moderate, as commodity prices and global economic activity remain subdued.
  • Fiscal consolidation remains on track despite lower oil-related revenues.
  • Uncertainties around the rebalancing of the Chinese economy, further declines in the world commodities’ prices, and evolving US economic policies on global trade are some of the key sources of risks to Malaysia’s economic outlook.

Productivity is the main driver of Malaysia’s economic development, though productivity growth has slowed over the past decade.

  • Capital and labor have mainly driven Malaysia’s robust economic growth over the past 25 years. While significant, Malaysia’s productivity growth over the past 25 years has been below several global and regional countries.
  • As capital and labor are expected to slow down, rising productivity growth, greater female labor-force participation, and continued investment in physical and human capital will be necessary for Malaysia to achieve high-income status.
  • Malaysia has performed relatively well on key aspects of productivity, such as in the quality of infrastructure, and non-technical innovations.
  • Malaysia’s existing institutional architecture has sustained consistent productivity growth for more than two decades. Challenges in the skills gap, quality of infrastructure, and research and development system need to be addressed in order to refocus attention on productivity growth.
  • Overcoming skill gaps, building innovation capacity, and addressing distortion in markets where firms sell their goods and services, could help accelerate productivity growth further.

LINKs FOR DOWNLOADING THE PRESENTATION AND THE FULL REPORT

http://pubdocs.worldbank.org/en/183141482112459157/MEM-Productivity-Presentation-December-19.pdf

http://documents.worldbank.org/curated/en/773621481895271934/Malaysia-economic-monitor-the-quest-for-productivity-growth

 

 

 

 

 

 

 

 

6 thoughts on “Latest World Bank Report on MALAYSIA

  1. Economics and politics are like Siamese twins. Separate them and you only see half of it.

    Perhaps the political side of things do not concern the World Bank, and therein lies its faults.

    BTW, what does this means? “Private consumption is expected to continue driving economic growth, supported by low unemployment and government income-support measures”

    You mean Malaysians have plenty of money to spend because of high employment and government subsidizing income which are driving economic growth?

    So no need to look high and low for RM1.00 chicken and chomping on kangkung. Happy days are here again because the World Bank says so.

  2. Data collected by IMF and World Bank are often data supplied by
    governments of member states. In the past, corrupt regimes have
    supplied misleading or even false data to these international organisations e.g.
    “overstating” foreign exchange reserves or under-declaring public debt.

  3. No less a figure than Paul Krugman has been quoted as saying that (today’s) economics is BS…and by extension so must all institutions that claim to push economics policies and agendas…

    At my own peril perhaps… but then I am with good company…

    I think that it was also the same Krugman who said that economics colleges ought to be shut down…brilliant idea…

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