How should we judge a government?

In Malaysia, if you don't watch television or read newspapers, you are uninformed; but if you do, you are misinformed!

"If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing." - Malcolm X

Never argue with stupid people, they will drag you down to their level and then beat you with experience - Mark Twain

Why we should be against censorship in a court of law: Publicity is the very soul of justice … it keeps the judge himself, while trying, under trial. - Jeremy Bentham

"Our government is like a baby's alimentary canal, with a happy appetite at one end and no
responsibility at the other. " - Ronald Reagan

Government fed by the people

Government fed by the people

Career options

Career options
I suggest government... because nobody has ever been caught.

Corruption so prevalent it affects English language?

Corruption so prevalent it affects English language?
Corruption is so prevalent it affects English language?

When there's too much dirt...

When there's too much dirt...
We need better tools... to cover up mega corruptions.

Prevent bullying now!

Prevent bullying now!
If you're not going to speak up, how is the world supposed to know you exist? “Orang boleh pandai setinggi langit, tapi selama ia tidak menulis, ia akan hilang di dalam masyarakat dan dari sejarah.” - Ananta Prameodya Toer (Your intellect may soar to the sky but if you do not write, you will be lost from society and to history.)

Thursday, February 21, 2013

Beneath the high 6.4% growth rate

According to economist Hafiz Noor Shams,

'So, the Malaysian economy grew by 6.4% from a year ago in the final quarter of 2012.

When I first saw the headline figure, I was pleasantly surprised. Upon closer inspection however, the whole growth figures appeared weird. After I figured out why it was weird, I became uncomfortable with the high growth rate.

Domestic demand growth slowed significantly (it slowed by 3.9 percentage points in fact from the last quarter). That was the first sign that something was not right. The private demand growth figure is particularly worrying. I had expected its growth to moderate slightly but it slowed by 2.4 percentage points. That is a lot...'

'The lower imports helped raise net exports. Even as exports and imports down, both can contract in a way that the difference between the two increases.

So, with domestic demand down, exports down and imports down, I would not celebrate too much. Would anybody celebrate a 6.4% growth that was caused by those contractions?'

A quick reaction to Malaysia’s RGDP growth for the fourth quarter: it is ironic and there is no cause for celebration


1 comment:

Anonymous said...

Aiyah, easy mah.
Pump in mega construction projects for lu-tonlong gua gua-tonlong lu kaki.
Bingo! construction growth from 7%+ shootup to 18%+. Overall % will also go up! Never mind other sectors like Service & consumption % remain so-so only.