Welcome Guest [Log In] [Register]
Welcome to Philippines Defense Forces Forum. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Malaysia and the "Middle Income Trap"
Topic Started: May 19 2015, 12:04 PM (177 Views)
MSantor
Member Avatar

PDFF Mod Group
Some 2nd-string Asian Tigers have made incredible progress economically, but can't seem to break the "First World" country barrier...

Diplomat

Quote:
 
Malaysia: First World By 2020?
The country is on track, but needs to overcome the “middle income trap.”


Malaysia is on track to achieve its goal of first-world status by 2020, despite being hit by falling oil prices and credit worries, according to analysts.

On Friday, the nation’s central bank, Bank Negara Malaysia reported a 5.6 percent increase in gross domestic product (GDP) for the three months through March compared to a year earlier, slightly ahead of economists’ forecasts of a 5.5 percent GDP gain but below the previous quarter’s 5.7 percent rise.

Exports dropped by 0.6 percent in the March quarter from a year earlier, but private investment surged 11.7 percent and private consumption gained 8.8 percent ahead of the start of a new 6 percent goods and services tax (GST) in April.

(...SNIPPED)
"If you think you can do a thing or think you can't do a thing, you're right." - Henry Ford

"Courage is going from failure to failure without losing enthusiasm."
- Winston Churchill


"If everyone is thinking alike, someone isn't thinking"- Gen. George S. Patton
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · World Politics and Current Events · Next Topic »
Add Reply