support@kopiandproperty.com

Advertisement Banner

Malaysia Q1 2016 GDP, slowest since 2009

Malaysia’s Q1 GDP growth is at 4.2 percent. Note the word “growth.” This is the slowest ever since the 2009. Private-sector spending grew 5.1 percent. Gross exports increased by 1 percent. Many other key economic sectors slowed too. According to Bank Negara Malaysia new governor, Muhammad Ibrahim, Malaysia would still achieve its forecast growth of between 4% and 4.5% in 2016. Economic activity would pick up in the second half of the year. Recently, Fitch Ratings also said that 1MDB’s current default issue would not impact the government’s economic policymaking power. In brief, it’s still okay.
 
IMF1Since we already know what’s up with Malaysia, how about taking a look at some selected countries around the world, based on IMF’s latest projections? The world’s largest economy United States and all other ADVANCED economies. Oh yeah, now I remember, someone did mention before that these are all advanced nations, thus their growth rate has to be slower than all the emerging economies, including Malaysia. Well, IMF predicted South East Asian nations to grow at an average of 4.8 percent. These are the few countries within the South East Asian grouping. (Indonesia, Malaysia, Philippines, Thailand, Vietnam.)  In other words, as long as all these neighbouring nations can somehow support one another, I guess we should do just fine.
Perhaps the only issue is China, which should only be growing at 6.1 percent for 2016. I do hope the Chinese government would be able to restructure its economy so that growth would be strong again in a few years’ time. IMF in a latest prediction said the world’s average growth would be 3.4 percent. Closer to home, our dear Singapore is predicted to grow at 1.8 percent. I personally see all these as still positive. What’s most important for us as employees would be to save and invest instead of spend and lose. With slow numbers throughout the world, any sudden change in sentiments in some of the more advanced nations would quickly affect everyone else. Happy reading.
written on 13 May 2016 (Yes, it’s another calm May 13 day for Malaysia)
next suggested article: IMF’s Lagarde: 2016 will be disappointing

Property Investment always start with knowledge. Equip ourselves with more here.

Motion arrow towards right
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Motion arrow towards right
Share on facebook
Share on twitter
Share on linkedin
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Advertisement Banner

Facebook Comment

0 Responses

Leave a Reply

Your email address will not be published. Required fields are marked *

Table of Contents

Most Recent Posts

join the family

Like us for daily investment news and more

Hit the like