Malaysia’s GDP Growth Masks a Dark Truth

By Joshua Woo Sze Zeng

January 2018 UTTER ECONOMICS
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The economy is growing, yes, but fuelled by rising household debts rather than productivity.The World Bank and the International Monetary Fund (IMF) have increased their projection of Malaysia’s GDP growth this year to 5.2% and 4.8% respectively. This is due to the unexpected GDP surge of 5.7% in the first half of 2017.1Government officials saw this as proof that the economy is going strong. Prime Minister cum Finance Minister Datuk Seri Najib Razak credited the growth to the federal government’s...

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