{"id":11847,"date":"2013-11-15T22:07:20","date_gmt":"2013-11-15T14:07:20","guid":{"rendered":"http:\/\/maddruid.com\/?p=11847"},"modified":"2013-11-15T22:28:41","modified_gmt":"2013-11-15T14:28:41","slug":"2716-3q2013-gdp-growth-driven-by-consumption","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=11847","title":{"rendered":"[2716] 3Q2013 GDP growth driven by consumption"},"content":{"rendered":"<p>The GDP in the third quarter grew respectably at 5.0% from the same quarter last year. I think it is the most satisfying growth in a long time. I have not checked for the base effect but consumption grew strongly and net exports did well. It was a plain old growth in the simplest terms, no mathematical quirks. I cannot say much, because I have written most of the stuff <a href=\"http:\/\/www.aseanconfidential.com\/Update-Alert\/Consumption-fuels-Malaysian-GDP\">I wanted say for work<\/a>.<\/p>\n<p>But I can share you this chart, which shows what contributed to the GDP growth.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/maddruid.com\/wp\/wp-content\/uploads\/2013\/11\/201311153QGDPGrowthContribution.png?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11848\" alt=\"201311153QGDPGrowthContribution\" src=\"https:\/\/i0.wp.com\/maddruid.com\/wp\/wp-content\/uploads\/2013\/11\/201311153QGDPGrowthContribution.png?resize=580%2C391&#038;ssl=1\" width=\"580\" height=\"391\" srcset=\"https:\/\/i0.wp.com\/maddruid.com\/wp\/wp-content\/uploads\/2013\/11\/201311153QGDPGrowthContribution.png?w=640&amp;ssl=1 640w, https:\/\/i0.wp.com\/maddruid.com\/wp\/wp-content\/uploads\/2013\/11\/201311153QGDPGrowthContribution.png?resize=300%2C202&amp;ssl=1 300w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\" \/><\/a>It was a good quarter. Growth with solid foundation, domestically and externally. And it is pretty much<a href=\"https:\/\/maddruid.com\/?p=11835\"> close to my internal target<\/a> (although for the wrong reason: I had expected exports to drive the GDP growth, but it was consumption instead.)<\/p>\n<p>I am unsure why consumption was that strong. I will look into it later. Or wait for somebody to look into it. <a href=\"http:\/\/econsmalaysia.blogspot.com\/\">Hint hint<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GDP in the third quarter grew respectably at 5.0% from the same quarter last year. I think it is the most satisfying growth in a long time. I have not checked for the base effect but consumption grew strongly and net exports did well. It was a plain old growth in the simplest terms, [&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],"class_list":["post-11847","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gdp"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/11847","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=11847"}],"version-history":[{"count":2,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/11847\/revisions"}],"predecessor-version":[{"id":11850,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/11847\/revisions\/11850"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}