Transcribed

Malaysia : Selected economic indicators, Confidence indexes

3.26.1 Selected economic indicators (%) 2013 2014 GDP growth 5.3 5.5 Inflation 2.2 3.0 Current account balance 5.8 5.6 (share of GDP) Source: ADB estimates. 3.26.6 Confidence indexes Consumer sentiment Business conditions Index 125- 100_ 75_ 50 Mar Sep Mar Sep Mar Sep Mar 2009 Dec 2010 2011 2012 Note: Above 100 indicates expansion for manufacturing and optimism among consumers. Source: CEIC Data Company (accessed 20 March 2013). 3.26.1 Selected economic indicators (%) 2013 2014 GDP growth 5.3 5.5 Inflation 2.2 3.0 Current account balance 5.8 5.6 (share of GDP) Source: ADB estimates. 3.26.6 Confidence indexes Consumer sentiment Business conditions Index 125- 100_ 75_ 50 Mar Sep Mar Sep Mar Sep Mar 2009 Dec 2010 2011 2012 Note: Above 100 indicates expansion for manufacturing and optimism among consumers. Source: CEIC Data Company (accessed 20 March 2013).

Malaysia : Selected economic indicators, Confidence indexes

shared by PARMIONOVA on Apr 24

110 views

0 faves

0 shares

0 comments

Forecasts assume that national elections expected to be held in late April 2013 go smoothly and that the government pursues prudent economic and fiscal policies. Private consumption will get support f... rom robust labor market conditions, low inflation, higher incomes, and, from the 2013 budget, further transfer payments and tax concessions. New minimum wages of RM900 a month for Peninsular Malaysia and RM800 for East Malaysia came into effect from January 2013 and benefit 27% of all workers. The tight labor market suggests that job losses resulting from the new minimum wage will likely be temporary. Nevertheless, growth in private consumption will likely moderate from 2012. Softer global commodity prices will weigh on incomes and consumption spending, particularly in rural areas. Further, the government is expected to resume phasing down subsidies on fuel and other items or move to a system that better targets subsidies. A proposed broad-based consumption tax that aims to reduce the government’s reliance on the oil sector for public revenue would also dampen consumption growth temporarily if introduced. Consumer sentiment remains positive: the index of consumer sentiment compiled by the Malaysia Institute of Economic Research edged higher in the fourth quarter of 2012 (Figure 3.26.6). However, the business conditions index compiled from a survey of manufacturers declined on concerns about the outlook for domestic and export sales Note: Above 100 indicates expansion for manufacturing and optimism among consumers. Source: CEIC Data Company (accessed 20 March 2013) , Asian Development Bank - Malaysia, Economic Data ( http://www.adb.org/sites/default/files/ki/2012/pdf/MAL.pdf )

Malaysia : Selected economic indicators, Confidence indexes

Malaysia : Selected economic indicators, Confidence indexes

You may also like...

Embed Code