Current Economic Issues In Malaysia 2016

The economy is projected to grow at over 4 per year in the course of 2016 17.

Current economic issues in malaysia 2016. The 11th malaysia plan charts a path toward advanced economy status and greater inclusion through a range of development issues such as equity inclusiveness environmental sustainability human capital development and infrastructure. According to the global competitiveness report 2019 the malaysian economy is the 27th most competitive country in the world. While activity is set to rebound next year risks to the outlook loom in the background. The economy of malaysia is the fourth largest in southeast asia after singapore indonesia and thailand and is the 35th largest economy in the world.

In recent years growth has moderated somewhat in the face of severe global headwinds but has remained robust. Malaysia s new government will need to deal with several key issues in the next 12 months to establish itself as a change and reform administration namely the malay bumiputra agenda the 1963 malaysia agreement ma63 political islam and a clear timetable for transition of power. December 2016 november 2016 october 2016 june 2016 may 2016 april 2016 visitor counter. Malaysia has sustained rapid average growth of over 6 4 per year since 1970.

The current economic issues and its impact on malaysia. Malaysia economic growth the economy is seen shrinking markedly this year stricken by pandemic related containment measures and depressed oil prices. Malaysia has a newly industrialised market economy which is relatively open and state oriented.