Question

What do you think about malaysian economy in the future.

Answer 1

Basically, this is a developing economy and doing very good since 2010. The average growth rate of GDP is almost 5.5% since 2010 and the growth is continuous during this phase. Based on this trend the economy is very promising in the future (by the beginning of year 2025) and the following things should happen:

No.1) most of the employment will be from export activities (almost 60%). This will happen because the economy is very open to trade.

No.2) this may turn into a developed country in future, since the economy is promising to have high-income status.

No.3) there would be a decline in income inequality gap by 40% in near future. This is the tendency of more transparency in the economy and making an equitable resource allocation.

Only a major problem is there, which is the low productivity rate since past. If it is increased, the economy would be in better shaped tomorrow.