Malaysia is expected to register real GDP growth of 5.1 percent in 2012 and 5.0 percent in 2013.
•Malaysia is expected to register real GDP growth of 5.1 percent in 2012 and 5.0 percent in 2013.
•In 2012, Malaysia has performed well in the context of weakening demand from advanced economies and China. Propelled by domestic demand, Malaysia’s economy is likely to weather a weak global environment.
•With a significant portion of investments being in the oil and gas sector, investments in real estate partly linked to recycling of commodity revenues, and oil revenues supporting public investments, Malaysia’s near term growth momentum owes much to commodities.
•The longer term sustainability of Malaysia’s favorable near term outlook hinges on the implementation of structural reforms. To ensure the growth is sustained into the medium term, Malaysia needs to accelerate the implementation of reforms, as outlined in the Government’s New Economic Model, to boost competition and capabilities in the economy.
•Closing gender gaps in economic opportunities could substantially leapfrog Malaysia to high-income status. The number of working- age women who are employed or looking for employment is lower in Malaysia compared to other countries of with similar income levels. A recent study shows that Malaysia could experience a 23 percent increase in output per capita as a result of increased women’s labor force participation and more women becoming entrepreneurs.
•Malaysia could encourage women to participate in the workforce through policies such as flexi-work arrangements, expanded childcare options, targeted subsidized childcare options for poor families, and increasing incentives that would attract and retain women in managerial positions
•Malaysia is expected to register real GDP growth of 5.1 percent in 2012 and 5.0 percent in 2013.
•In 2012, Malaysia has performed well in the context of weakening demand from advanced economies and China. Propelled by domestic demand, Malaysia’s economy is likely to weather a weak global environment.
•With a significant portion of investments being in the oil and gas sector, investments in real estate partly linked to recycling of commodity revenues, and oil revenues supporting public investments, Malaysia’s near term growth momentum owes much to commodities.
•The longer term sustainability of Malaysia’s favorable near term outlook hinges on the implementation of structural reforms. To ensure the growth is sustained into the medium term, Malaysia needs to accelerate the implementation of reforms, as outlined in the Government’s New Economic Model, to boost competition and capabilities in the economy.
•Closing gender gaps in economic opportunities could substantially leapfrog Malaysia to high-income status. The number of working- age women who are employed or looking for employment is lower in Malaysia compared to other countries of with similar income levels. A recent study shows that Malaysia could experience a 23 percent increase in output per capita as a result of increased women’s labor force participation and more women becoming entrepreneurs.
•Malaysia could encourage women to participate in the workforce through policies such as flexi-work arrangements, expanded childcare options, targeted subsidized childcare options for poor families, and increasing incentives that would attract and retain women in managerial positions
