Penang Strives and Thrives Against Global Macroeconomic Headwinds

By Yeong Pey Jung, Ong Wooi Leng, Negin Vaghefi

January 2023 PENANG ECONOMIC INDICATOR
main image
Advertisement
ACCORDING TO THE latest World Economic Outlook report published by the International Monetary Fund (IMF), global economic growth has slowed from 6% in 2021 to 3.2% in 2022, and is expected to further decelerate to 2.7% in 2023 amid tightening financial conditions in most regions, Russia’s invasion of Ukraine, the lingering Covid-19 pandemic and the rising cost of living.This is the lowest growth in two decades, except when the global financial crisis raged and during the acute phase of the...

Subscribe to our e-archive to read our older articles.

Subscribe Now
Yeong Pey Jung

is a senior analyst with the Socioeconomics and Statistics Programme at Penang Institute. She is a reading enthusiast and is surgically attached to her Kindle.

Ong Wooi Leng

heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.

Negin Vaghefi

is a senior analyst at Penang Institute. She holds a Ph.D. in Environmental Economics. Her research interests include agri-environmental economics, climate change, green economics, poverty and income inequality, and policy analysis.

Previous Article Back to Issue Next Article
Advertisement

Trending Now

A Red-light District Worthy of a Vibrant Port

Anecdotal Accounts of Chinese Women Migrants to Southeast Asia

The Japanese Conquest of Penang: Part One

The British-Siamese Boundary Stone: A Momentous Relic in Seberang Perai

A Brief History of 123 Macalister

Subscribe today to access over 2,000 articles in our e-Archive for RM150 a year, and get the 2nd year free.
Support Us

As Penang Monthly continues to evolve, we aim to deliver better quality reads. At present, our three current issues are free for public access. But we need your financial support as we endeavour to be the voice of Penang and an inspiring read for the curious Malaysian.

Every RM100 contribution from individuals (or RM1,000 for corporations) will be entitled to tax exemption receipt.
`