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News MY GDP expands 14.2% in Q3, fastest in SEA, ahead of Vietnam's 13.7%

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TSorangtua
post Nov 11 2022, 12:11 PM, updated 4y ago

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https://www.nst.com.my/business/2022/11/849...vietnams-137pct

Malaysia's GDP expands 14.2pct in Q3, fastest in Southeast Asia ahead of Vietnam's 13.7pct

QUOTE
KUALA LUMPUR: The Malaysian economy registered a stronger growth of 14.2 per cent in the third quarter(Q3) of 2022 from 8.9 per cent in Q2 2022.

This was underpinned by continued expansion in domestic demand, Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus said.

Nor Shamsiah said while there were base effects from the negative growth in Q3 2021, growth was also underpinned by improvements in labour market and income conditions, as well as ongoing policy support.

The country's exports remained supported by strong demand for electronic and electrical (E&E) products, she added.

"The recovery of inbound tourism lent further support to economic activity. By sector, the services and manufacturing sectors continued to drive growth,' she said at a press conference of the GDP figures here today.

More to come


Inb4 kenapa tak puji kerajaan?
premier239
post Nov 11 2022, 12:12 PM

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lmao low base
yhtan
post Nov 11 2022, 12:13 PM

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July-Sept'21 kena MCO 3.0 and vaccination nationwide baru roll out

So the base is already damn low during that time
killdavid
post Nov 11 2022, 12:19 PM

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Extreme window dressing
yongku99
post Nov 11 2022, 12:20 PM

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seems like south east asia going to be torch bearer of growth in this 2020s era after 2 years of crazy covid threat started in 2020, ASEAN should take the opportunity of China slowing down to the max... nod.gif

This post has been edited by yongku99: Nov 11 2022, 12:21 PM
James1983
post Nov 11 2022, 12:21 PM

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What’s the Q on Q change?
Low base effect due to absolutely dismal Q3 performance back in last year

Topkek UPDATE: 😂
On a quarter-on-quarter seasonally-adjusted basis, the economy grew by a mere 1.9% this Q3 (even lower than last quarter, 2Q2022: 3.5%).

This post has been edited by James1983: Nov 11 2022, 12:35 PM
DValentine
post Nov 11 2022, 12:22 PM

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sendiri lancap sendiri pancut sendiri syok
walauwer
post Nov 11 2022, 12:25 PM

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Why don't I feel the 14.2%? Did he meant inflation instead?
achong09
post Nov 11 2022, 12:26 PM

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QUOTE(orangtua @ Nov 11 2022, 12:11 PM)
https://www.nst.com.my/business/2022/11/849...vietnams-137pct

Malaysia's GDP expands 14.2pct in Q3, fastest in Southeast Asia ahead of Vietnam's 13.7pct
Inb4 kenapa tak puji kerajaan?
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Data not accurate.. tak caya😢😢😢
achong09
post Nov 11 2022, 12:26 PM

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QUOTE(walauwer @ Nov 11 2022, 12:25 PM)
Why don't I feel the 14.2%? Did he meant inflation instead?
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Hahahahahaha
achong09
post Nov 11 2022, 12:27 PM

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QUOTE(DValentine @ Nov 11 2022, 12:22 PM)
sendiri lancap sendiri pancut sendiri syok
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Hahahhahaha
yhtan
post Nov 11 2022, 12:29 PM

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QUOTE(James1983 @ Nov 11 2022, 12:21 PM)
What’s the Q on Q change?
Low base effect due to absolutely dismal Q3 performance back in last year

Topkek UPDATE: 😂
On a quarter-on-quarter seasonally-adjusted basis, the economy grew by a mere 1.9% this Q3 (even lower than 2Q2022: 3.5%).
*
No more KWSP withdrawal 10k no more growth
James1983
post Nov 11 2022, 12:30 PM

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This is why sometimes headline title is misleading af whistling.gif

Rakyat easily tipu with title yang pusing sampai hitam jadi putih kot

This post has been edited by James1983: Nov 11 2022, 12:31 PM
Ttbatdtptsm
post Nov 11 2022, 12:30 PM

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QUOTE(premier239 @ Nov 11 2022, 12:12 PM)
lmao low base
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Already higher than prepandemic. Third after VN and ID. Ok la …


xCM
post Nov 11 2022, 12:33 PM

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QUOTE(James1983 @ Nov 11 2022, 12:21 PM)
What’s the Q on Q change?
Low base effect due to absolutely dismal Q3 performance back in last year

Topkek UPDATE: 😂
On a quarter-on-quarter seasonally-adjusted basis, the economy grew by a mere 1.9% this Q3 (even lower than last quarter, 2Q2022: 3.5%).
*
Pusing2 tak salah
Yang bodo itu yang percaya
James1983
post Nov 11 2022, 12:33 PM

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QUOTE(xCM @ Nov 11 2022, 12:33 PM)
Pusing2 tak salah
Yang bodo itu yang percaya
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Betul juga ni smile.gif
yongku99
post Nov 11 2022, 12:46 PM

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Seems like economist folk here still have dilemma using YOY or QOQ for the growth progress measurement, some say QOQ better for businesses report and goal setting strategy for yearly analysis, and some say YOY better for country report in general...😉

This post has been edited by yongku99: Nov 11 2022, 12:50 PM
cloudwan0
post Nov 11 2022, 12:56 PM

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you need to take inflation into consideration
bcos of inflation, price going up, same quantity but the total price will be higher, so it could be an illusion
Chanwsan
post Nov 11 2022, 01:07 PM

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If 1/100 become 2/100 can claim 100% increase and pancut bertubi-tubi cukur kera jaan tak gagal also
@@@@@@@@@@
post Nov 11 2022, 01:07 PM

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Every year can intentionally create high inflation so that GDP looks good. icon_idea.gif
nigerian prince
post Nov 11 2022, 01:09 PM

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meaning there is rooms for more barang naik
9m2w
post Nov 11 2022, 01:09 PM

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QUOTE(orangtua @ Nov 11 2022, 12:11 PM)
https://www.nst.com.my/business/2022/11/849...vietnams-137pct

Malaysia's GDP expands 14.2pct in Q3, fastest in Southeast Asia ahead of Vietnam's 13.7pct
Inb4 kenapa tak puji kerajaan?
*
Both sides PN and BN will be careful to puji. YoY takes last year's Q3 as a baseline. Bukak vs tutup. BN overuse it then PN can counter and vice versa.

This post has been edited by 9m2w: Nov 11 2022, 01:09 PM
commonsense
post Nov 11 2022, 01:11 PM

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QUOTE(orangtua @ Nov 11 2022, 12:11 PM)
https://www.nst.com.my/business/2022/11/849...vietnams-137pct

Malaysia's GDP expands 14.2pct in Q3, fastest in Southeast Asia ahead of Vietnam's 13.7pct
Inb4 kenapa tak puji kerajaan?
*
good.
kavman1984
post Nov 11 2022, 01:22 PM

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QUOTE(yongku99 @ Nov 11 2022, 12:20 PM)
seems like south east asia going to be torch bearer of growth in this 2020s era after 2 years of crazy covid threat started in 2020, ASEAN should take the opportunity of China slowing down to the max... nod.gif
*
As somebody who covers regional, I do believe Asean has the potential to become the next EU. Its just gona take time. Wait until all countries reach high income level countries. Maybe another 50 years. Then, we will really see the true potential of Asean
HikayatSalju
post Nov 11 2022, 01:22 PM

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Sokong BN selamanya.
Ayambetul
post Nov 11 2022, 01:42 PM

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GDP kepala hotak hang.


Gaji tak naik pun

 

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