Don’t compare Malaysia’s growth to Thailand, Indonesia, say economists

They say the histories, political influences, economic structures and even population size of each country must be taken into account.

PETALING JAYA: It is unfair to compare Malaysia’s growth with that of neighbouring countries because each nation has distinct economic and political structures, say economists.

“If political instability occurs, it has repercussions on policy implementation, as consistent efforts in economic reform require stability and clarity in formulation and execution,” he told FMT. Thailand’s GDP rose by 1% in the fourth quarter of 2022 before increasing by 2% and 3% in the first and second quarter of 2023, respectively.

Universiti Tun Abdul Razak’s Barjoyai Bardai said comparisons should not be done on a quarterly basis, adding that Malaysia recorded the world’s third-best economic growth performance last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in MY

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thailand's Kunlavut spills blood to win badminton world crownCOPENHAGEN (AFP): Thailand's Kunlavut Vitidsarn spilt blood, sweat and finally tears as he became badminton world champion after an attritional 19-21, 21-18, 21-7 victory over Japan's Kodai Naraoka in Copenhagen.
Read more »

Thailand’s Kunlavut spills blood to win badminton world crownCOPENHAGEN: Thailand&039;s Kunlavut Vitidsarn spilt blood, sweat and finally tears as he became badminton world champion after an attritional 19-21, 21-18...
Read more »

Thailand’s Kunlavut spills blood to win badminton world crownThe 22-year-old is the first Thai to win the men’s singles title at the World Championships.
Read more »

Thailand’s Kunlavut spills blood to win badminton world crownCOPENHAGEN, Aug 28 — Thailand’s Kunlavut Vitidsarn spilt blood, sweat and finally tears as he became badminton world champion after an attritional 19-21, 21-18, 21-7 victory...
Read more »

Wrong to compare Malaysia, Thailand, Kian Ming tells PAS manEx-Serdang MP Ong Kian Ming says suggesting political instability has no impact on GDP is inaccurate as the circumstances are different.
Read more »

Tak adil banding dengan Thailand, bekas timbalan menteri bidas PASOng Kian Ming berkata kerajaan Malaysia dipilih melalui pilihan raya namun berdepan gangguan pembangkang, sementara Thailand dalam krisis untuk memilih perdana menteri.
Read more »