Performance of the Economic Sector in Malaysia

From 2003-2004 to 2006-2007, annual Real Growth Rate increases from 8.4% to 9.7%. Because of the summer’s credit-market crisis, the Indian GDP Growth decrease to 9.0% from 2007 to 2008 and Indian government estimates GDP Growth for 2008-2009 is 7.1%. The decrease of GDP ascribes the global financial crisis which affects India primarily through trade and capital outflows (The World Bank, 2008:16). On trade, exports are possible to weaken and make its contribution to GDP growth may be drop sharply. However, during

Decision analysis: What is the best strategy for the Malaysian government moving forward? This decision can only be made after the country’s current strategy and how well it works is analyzed.

(Benton 2010) Mr. Patton, the situation in Malaysia is not looking good. “In 1997 Malaysia was hit by the Asian financial crisis.” One of the most effected areas was the manufacturing sector. “In order to rescue some of the largest state-owned companies, the government has imposed several strict trade barriers on certain goods. Included under law in these protected goods are the steel billets, the raw material for use in the downstream steel industry.” The government has also put into effect

Malaysia’s macroeconomic fundamentals remain strong as Gross Domestic Product (GDP) for the second quarter come in at 5.8% following a 5.6% expansion in the first quarter. Consequently, various economists have upgraded their full year GDP forecast for Malaysia to 5.2%-5.5% while the government estimate 4.3%-4.8%. Meanwhile, inflation continues to moderate to 3.2% in July after peaking at 5.1% in March. Bank Negara Malaysia (BNM) is expected to keep the Overnight Policy Rate unchanged at 3.00% for the rest of 2017. Ringgit Malaysia (RM) has established at c.4.30 to the US Dollar despite a sizeable government bond maturity during the month. Takaful Ikhlas expect the market to trade sideways despite the external headwinds from geopolitics and central banks normalisation plans as well as the net foreign outflows recorded in August for Bursa (June: +RM359m, July: +RM419m, August: -RM241m). Second quarter earnings were non-inspiring but we are hopeful that the 2H17 results will recover. Although Takaful Ikhlas expect that the markets to trade sideways, various key themes still present the good opportunity for returns. They

Born into the newly introduce The Seventh Malaysia Plan. I have grown up in a time of huge economical upheaval. Surrounded by an-ever changing economic environment, I remember asking my father what exchange rates were. In return, when presented with an analogy of supply and demand that involved an array of animals, little did I appreciate that I had come across the basis for economics. I have since observed Malaysia's rapid development, but also evidence of poor macroeconomic management, such as the lingering presence of corruption - crippling to the country's economic stability. Over the years, my initial childhood curiosity has grown into a passion for economics.

As it can be shown from the table above the amount of goods and services exported are increasing from 2000 to 2010, likewise in the chart it is shown that per Capital Gross Domestic product is also increasing from 2000 to 2010.

Growth in the agricultural sector has been driven by increased production of major food crops such as maize, sorghum and cassava, but the sector’s performance remains below potential. In turn, the services and industrial sectors have shown strong growth. The nascent banking sector and expanding telecommunications sector are key drivers behind services growth, while construction, electricity generation, manufacturing and mining are salient sub-sectors in industrial activity. Looking ahead, the banking and telecommunication sectors will continue to support services growth, while increased electricity generation capacity will benefit the expansion of the manufacturing

The study forecasts a 2.6 percent growth rate for the service sector, whose growth is strongly positively correlated with the growth of the aforementioned sectors. The service sector contributes 1.4 percent of the total GDP growth. The production

The development of the economy is becoming more and more important for every country in nowadays. “Canada’s economic history begins with the hunting, farming and trading societies of the First Nation.” (Drummond. I. M., economic history) along with the Europeans arriving this area, the economic has a dramatic change especially by the early Atlantic fishery industry. (Drummond. I. M., economic history) There are three major sectors in every country which are primary sector, secondary sector and service sector. There is a significant change in Canada which is the service-sector growth so fast from 1891 to 2012. In the book ‘work, industry, and Canadian society’, it shows that there is 80% in service sector, 22% in secondary sector and 4% in

BRICS also known as the Big five is a grouping acronym that refers to the countries of Brazil, Russia, India, China and South Africa that are deemed to all be at a similar stage of newly advanced economic development over the next few decades Brazil, Russia, India, China and South Africa will become large, powerful players in the world economy. Regardless of their social, political, or environmental challenges, the BRICS will play an ever-increasing role in the world economy, China and India will remain the dominant pair of the five some thanks to their large and increasingly better-educated populations, their low-cost labour, and their increasing openness. The BRICS thesis posits that China and India will become the world's dominant

Malaysia’s Exports since 2000 till present. Its exports greatly decreased after the 2008 Financial Crises before rebounding.

In terms acceleration of economic growth is based on the measurement of GDP, MALAYSIA HAS recorded a growth of 5.1% last year. Although it is lower than 7.2% in 2010, but it was so roaring in the context of a difficult global economic environment and uncertainty. In contrast, global economic growth has dropped from 5.2% in 2010 to 3.8% in 2011 while the economy of the developed countries like USA, Germany, UK, France and Japan also recorded weak growth of respectively 1.5%, 2.7%, 1.1 %, 1.7% and -0.5% in the same year; far lower than Malaysia's achievements. Following a satisfactory GDP growth was assisted by the Federal government revenue increased by RM13.2 billion in 2011 through increased collection of IRB estimate of RM109.7 billion compared with RM96.5 billion the government has managed to reduce its fiscal deficit to 5.0% compared projection of 5.4%. This means that the GOVERNMENT has successfully steered the nation's economy as well as the control and management of public funds wisely in the past 3 years in a row when managed to bring down the fiscal deficit from 7.0% in 2009 to 5.6% (2010) and 5.0% in the past year in a expanding economy.

Economic growth rates have risen from 1.8 percent in 2000/01 gradually to average 6 -7 percent a year in the last four years making Pakistan one of the fastest growing economy in the Asia region. For Pakistan these rates are not spectacular but a reversion to mean. The average growth rate of GDP over 50 year period of Pakistan has been 5.2 percent per annum. Manufacturing sector output growth was over 15 percent, exports have doubled in US dollar terms in these five years, and an open trade regime has allowed imports from all over the world to triple. Tax revenues have risen by 14 percent a year reducing fiscal deficit which used to average 7 percent a year in the 1990s to average 4 percent. Current account turned around from chronic deficit to a surplus for three successive years mainly due to renewed export growth and resurgence of workers’ remittances. Although it has become negative since 2005/06 due to phenomenonal growth in imports of machinery and equipment and increase in world oil prices it is being fully financed by foreign capital flows. Inflation rate during the first four years of the current government remained below 4 percent but oil price pass through and food shortages have led to 8 percent on average since 2004-05. External debt burden has been halved from 52% to 26% of GDP and is projected to be on a declining path. The country’s capacity to service its

one dominated by the services sector. The services sector has been the highest contributor to GDP, at

Labour market is a key issue for many developing as well as developed countries. Whether the people are skilled or unskilled is determining factor for the inflow of foreign direct investment (FDIs) to many developing nations. So, Malaysia depended on its abundant supply of literate and trainable labour force to attract investments in the export-oriented electronics industry since the early 70s’. This labour force has gone through skilled upgrading and enhancement in the past three decades and today, Malaysia can boast of having a pool of relatively skilled and professional labour force that is capable of handling and developing state-of-the-art technologies.