publication . Report . 2016

Malaysia Economic Monitor, December 2016 : The Quest for Productivity Growth

World Bank Group;
Open Access English
  • Published: 01 Dec 2016
  • Publisher: World Bank, Kuala Lumpur
  • Country: United States
Abstract
Malaysia’s economic growth has slowed down but remains resilient to external headwinds. The economic growth rate slowed from 5 percent in 2015 to 4.2 percent, year on year, in the first three quarters of 2016. Private consumption growth slowed down due to a softening labor market and households’ ongoing adjustment to a context of fiscal consolidation. Public investment in infrastructure is offsetting moderation in investment in the oil and gas sector. The gross domestic product (GDP) growth rate is projected to reach 4.2 percent in 2016, with slow improvement moving forward. The fiscal consolidation process remains on track despite lower oil-related revenues. Ex...
Subjects
free text keywords: economic growth, economic outlook, fiscal trends, imports, volatility, risk, productivity, export competitiveness, education, skills
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