Wednesday 5 October 2016

World Bank, Bangla Worker and the GDP

Malaysia has more often than not performed above the world bank"s expectations.
The star says that the World Bank has tweaked Malaysia's growth forecast, saying its gross domestic product (GDP) would slow to 4.2% this year from 5% in 2015 because of the weak global demand for oil and manufactured exports.
This contrasted with its April forecast of a 4.4% growth for the country for 2016.
According to the World Bank, Malaysia’s GDP growth would likely rebound to 4.3% next year before accelerating further to 4.5% in 2018. This compared with its earlier forecast of 4.5% and 4.7% GDP growth for the country for 2017 and 2018, respectively.
Just an OBSERVATION : Malaysia is facing an acute foreign labour shortage, and if in the up coming budget, this issue is resolved than top manufacturers here such as Inari and Top Glove won't have to look at the Philippines and Thailand, and would be happy to lord over the Bangladesh workers in Malaysia itself.
Do that, and I'm sure some decimal points can be added to the GDP