According to some economists, gross domestic producf (GDP) growth moderately of 4.7 per cent in the third quarter this year was largely due to the deceleration in private consumption.
Dr Yeah Kim Leng, who dean of the Business School at the University of Science and Technology Malaysia said that private consumption had falling down to 4.1 per cent from 6.4 per cent in the previous quarter.
Quote of Juergen Michels
"Consumer spending appears to have been more adversely impacted by the Goods and Services Tax, weak commodity prices, job losses and the overall uncertainties facing the global and domestic economies," Yeah told Bernama yesterday.
"However, the turnaround in export and better private investment performance help arrest the slide in consumer sentiment," he added.
"GDP growth was slightly below its forecast of 4.8 per cent but still within its expectation. We had expected that private consumption would be the cause of the slowdown, while investment and net export would rebound, particularly due to Malaysia's strong export performance in August and September," said Izzuddin Yussof, research economist at the Malaysian Industrial Development Finance Berhad (MIDF).
Ringgit falling down
He said the recent weakening of ringgit has helped the export industrial, while putting further pressure on our domestic consumption. MIDF research forecast GDP for the fourth quarter to be at 4.6 per cent, and at 5 per cent for the full year 2015.
"The economy is likely to start to rebound in the second quarter next year," he added.
-sources of Bernama.
Sis, boleh terang tak takrif GDP dari segi istilah ? Saya kurang faham konsepnya ? ^^
ReplyDeleteBased on ap yg sy faham,,GDP=keluaran dalam negara kasar(KDNK) iaitu jumlah nilai barang akhir dan perkhidmatan yang dikeluarkan oleh faktor pengeluaran sesebuah negara dalam tempoh satu tahun. Ia dikira dengan menjumlahkan nilai keluaran yang dikeluarkan oleh semua faktor pengeluaran yang ada dlam negara tapi tak ambil kira nilai keluaran yang dihasilkan oleh faktor rakyat tempatan yg ada di luar negara. Tu ja la apa yg sy paham..hope dpat bantu sis :)
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