{"id":11691,"date":"2013-08-21T21:23:54","date_gmt":"2013-08-21T13:23:54","guid":{"rendered":"http:\/\/maddruid.com\/?p=11691"},"modified":"2013-08-22T09:48:42","modified_gmt":"2013-08-22T01:48:42","slug":"2707-quick-take-on-2q2013-gdp-its-all-government-spending","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=11691","title":{"rendered":"[2707] A quick take on 2Q2013 GDP: it&#8217;s all government spending!"},"content":{"rendered":"<p>Malaysia&#8217;s GDP grew 4.3% YoY in the second quarter of 2013, slightly faster than 4.1% YoY in the previous quarter.<\/p>\n<p>While it is faster growth, I find the numbers worrying because if it was not for government spending, overall growth would have been much worse. Investment growth was down, private consumption was down and exports contracted.<\/p>\n<p>The government spending was just because of electioneering. Election saved Malaysia. Really (This can be confusing since federal government spending actually decreased from a year ago. Yea, I was surprised to find that out. The GDP government spending includes non-federal government spending. Please take note of that).<\/p>\n<p>The good news is that, I think things will be brighter from now on. Investment should increase because there is more political clarity moving out of the second quarter.<\/p>\n<p>I also think exports will improve, for reasons <a href=\"https:\/\/maddruid.com\/?p=11679\">I have written previously<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia&#8217;s GDP grew 4.3% YoY in the second quarter of 2013, slightly faster than 4.1% YoY in the previous quarter. While it is faster growth, I find the numbers worrying because if it was not for government spending, overall growth would have been much worse. Investment growth was down, private consumption was down and exports [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[304,43],"class_list":["post-11691","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gdp","tag-government-spending"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/11691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11691"}],"version-history":[{"count":2,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/11691\/revisions"}],"predecessor-version":[{"id":11693,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/11691\/revisions\/11693"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}