Archive for November, 2017

It is fashionable in certain circles these days in Malaysia to question the reliability of GDP as a measure of welfare. They say they do not feel GDP growth and they prefer something like household income or wage statistics to a measure that is hard to understand. The more extreme criticism goes to claim GDP […]

The Malaysian GDP has been growing strongly so far this year. So strong, that a lot of economists and institutions had to revise their 2017 projections significantly. The growth has been partly due to consumption recovery that took a tumble thanks to the GST, and partly due to strong trade figures (though this is true […]

There were a lot of talks about the budget recently. About those by the opposition and by the government. The opposition may have to improve on its budget quality especially on the assumptions made, but I believe the annual tabling of such alternative is healthy and is a positive development in our increasingly flawed democracy. […]