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8/12/2019 Macroeconomics Slides
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MACROECONOMICS
STUDIES OF MALAYSIAS ECONOMY
FARRUKH KHAN
THIBEN RAJ - 1001027150
SANTHINIYA - 1000821021
JACKLYN
KAMALLIYA
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INTRODUCTION
MACROECONOMIC
Aggregates the indicators such as Growth
National Product (GDP),unemployment rate, and
inflation and develop the relationship between
factors.
Such as income, output consumption, savings and
extra.
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Gross Domestic Product (GDP)
(output)
Macroeconomic output is usually measured by
Gross Domestic Product (GDP).
National output is the total value of everything
a country produces in a given time period.
Everything that is produced and sold generates
income.
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UNEMPLOYEMENT
The amount of unemployment in an economy
is measured by the unemployment rate, the
percentage of workers without jobs in the labor
force.
The labor force only includes workers actively
looking for jobs.
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INFLATION
Inflation is a rise of price levels goods and
services in an economy over a period of time.
Negative effects of inflation include a
decrease in the real value of money and other
monetary items over time, uncertainty over
future inflation.
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HISTORY OF IMF
The IMF is the International Monetary Fund,
headquartered in Washington, D.C. It's a
global organization made up of 185 member
countries, founded in 1944.
The IMF is governed a Board consisting of the
finance minister or central bank leader of each
member countries. They meet annually, inconjunction with the World Bank.
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International Monetary Fund(IMF)
IMF states its goals as "to promote international
monetary cooperation, exchange stability, and
orderly exchange arrangements; to fostereconomic growth and high levels of employment;
and to provide temporary financial assistance to
countries to help ease balance of payments
adjustment.
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IMPACT OF SHARP INCREASE &
SHARP DECREASE
GDP
1998(-7.288) Decrease
2000(8.72) Increase
2001(0.518) Decrease
2009(-1.636)Decrease
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IMPACT OF SHARP INCREASE &
SHARP DECREASE
INFLATION
1998(5.293) Increase
2008(5.4)Increase
2009(0.6)Decrease
UNEMPLOYEMENTNot impact
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ECONOMIC FORECASTING
Prediction for future economic known as economic
forecasting, which the process of making prediction
about economy performance for coming years.
An economic outlook could include expectations for
inflation, productivity growth, unemployment and
balance of trade.
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ECONOMY FORECAST FROM THE
2012 T0 2016
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GRAPH FOR ECONOMY FORECAST
FROM YEAR 2011 TO 2016
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MALAYSIAN ECONOMY OUTLOOK
OPINIONS
Ahmad Husni Hanadzlah
In December 2009, Second Finance Minister Datuk Seri
Ahmad Husni Hanadzlah acknowledged Malaysias loss of
competitiveness and decade-long economic stagnation.
Unlike former compatriots South Korea, Singapore and
Hong Kong which have all progressed, Malaysia is still
elusively seeking to escape the middle-income trap.
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MALAYSIAN ECONOMY OUTLOOK
OPINIONS
Professor Dr Terence Gomez
The NEM made clear that Vision 2020 is not possible without
economic, social and government transformation which was
urgent and radical. It proposed market-friendly affirmative
action measures, focusing on the bottom 40% of low-income
households. This prompted speculation, and perhaps hope, in some
quarters that the government would move away from distortionary,
race-based affirmative action policies.
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MALAYSIAN ECONOMY OUTLOOK
OPINIONS
Danny Quah
Quah says 40% of government spending is currently paid
for by petroleum revenues, which would dry up by 2014.
And 20% of government spending goes towards subsidies
alone. In response to a reference to the recent Are we
going bankrupt? controversy, Quah says, Controversy?
Hardly a controversy, its just arithmetic.
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CONCLUSION
Knowledge based economy is focused on the
production and management of knowledge in the frame
of economy constraints. In other words it refers to the
knowledge and technologies to produce economic
benefits and as well as job creation which they already
did and it leads us to the construction of High tech city
near Kuala Lumpur called Cyberjaya which is good
news.
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RECOMMENDATONS
Malaysia needs to maintain its edge over it competitors
since there growing competition from other emerging
market. It will be very hard and challenging for
Malaysia since there are new technologies are on their
way. We have to realize what we need and why we
need. We have to do investment on our IT departments
so they can introduce to us new and modern
technologies.
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THE END
Q & A