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Export and import numbers for December 2012 do not look good. Export contracted by 5.8% while imports decreased by 6.5% from a year ago. Despite the bad numbers, industrial production index grew by 3.7% from a year ago. I find this curious. Import contracted and that means the domestic economy might have slowed down. Exports […]

The fourth quarter of 2009 saw Malaysian economy recorded strong recovery on year-on-year basis.[1] So strong it was that the monetary authority of Malaysia went for a rate hike, making Malaysia the second country after Australia to adopt a hawkish monetary policy.[2] The question that should be asked now is, did we need the big […]

Economics has been labeled as some sort of a discipline that predicts the future. The application of various models and efforts at testing its various hypotheses that sometimes result in the affirmative may have contributed to that reputation but it is not about predicting the future. Rather, it is about finding lessons from the past, […]

Apparently, the second quarter GDP results came out way better than expected. Aug. 27 (Bloomberg) — Malaysia’s economy is expected to resume growth this year after slipping into its first recession in a decade last quarter, mirroring recoveries across Asia. Gross domestic product shrank a less-than-expected 3.9 percent in the three months ended June from […]

The Economist reviews economist Dani Rodrik’s latest work: The financial crisis of the past nine months is stirring a new export fatalism in the minds of some economists. Even after the global economy recovers, developing countries may find it harder to pursue a policy of ”export-led growth”, which served countries like South Korea so well. […]

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