Economic Views
Should Malaysia tolerate slower growth?
MALAYSIA’S economic growth has lost steam over the last decade with the average annual GDP growth pace coming in at 5.33%. This was a significant drop from the average annual growth pace of 9.27% in the decade before the 1997 Asian financial crisis. Concurrently, the country’s revenue-to-GDP is on a decline since the early-1990s, from …
Weighing policy mix options during the downcycle
Recent global macro data suggests that economic uncertainties have continued to rise. Numerous signs are there – June’s global manufacturing Purchasing Managers’ Index (PMI) fell to its lowest level since the second half of 2012. The PMI report further revealed that business optimism plunged to a record low, while new orders contracted at the fastest …
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US-China Trade Deal Like a Box of Chocolates
In 1994’s Forrest Gump – arguably one of Hollywood’s most memorable films – Tom Hanks taught us how his momma wittily described life: it’s like “a box of chocolates.” He meant that life is so unpredictable that “you’ll never know what you’re gonna get.” Many moviegoers loved that phrase. Twenty-five years later, economists are learning …