INTRODUCTION MACROECONOMIC Aggregates the indicators such as Growth National Product (GDP),unemployment rate, and inflation and develop the relationship between factors. Such as income, output consumption, savings and extra.
Gross Domestic Product (GDP) (output) Macroeconomic output is usually measured by Gross Domestic Product (GDP). National output is the total value of everything a country produces in a given time period. Everything that is produced and sold generates income. UNEMPLOYEMENT The amount of unemployment in an economy is measured by the unemployment rate, the percentage of workers without jobs in the labor force. The labor force only includes workers actively looking for jobs. INFLATION Inflation is a rise of price levels goods and services in an economy over a period of time. Negative effects of inflation include a decrease in the real value of money and other monetary items over time, uncertainty over future inflation. HISTORY OF IMF The IMF is the International Monetary Fund, headquartered in Washington, D.C. It's a global organization made up of 185 member countries, founded in 1944. The IMF is governed a Board consisting of the finance minister or central bank leader of each member countries. They meet annually, in conjunction with the World Bank.
International Monetary Fund(IMF)
IMF states its goals as "to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.
IMPACT OF SHARP INCREASE & SHARP DECREASE GDP 1998(-7.288) Decrease 2000(8.72) Increase 2001(0.518) Decrease 2009(-1.636)Decrease IMPACT OF SHARP INCREASE & SHARP DECREASE INFLATION 1998(5.293) Increase 2008(5.4)Increase 2009(0.6)Decrease UNEMPLOYEMENT Not impact
ECONOMIC FORECASTING Prediction for future economic known as economic forecasting, which the process of making prediction about economy performance for coming years. An economic outlook could include expectations for inflation, productivity growth, unemployment and balance of trade.
ECONOMY FORECAST FROM THE 2012 T0 2016 GRAPH FOR ECONOMY FORECAST FROM YEAR 2011 TO 2016 MALAYSIAN ECONOMY OUTLOOK OPINIONS Ahmad Husni Hanadzlah In December 2009, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah acknowledged Malaysias loss of competitiveness and decade-long economic stagnation. Unlike former compatriots South Korea, Singapore and Hong Kong which have all progressed, Malaysia is still elusively seeking to escape the middle-income trap.
MALAYSIAN ECONOMY OUTLOOK OPINIONS Professor Dr Terence Gomez The NEM made clear that Vision 2020 is not possible without economic, social and government transformation which was urgent and radical. It proposed market-friendly affirmative action measures, focusing on the bottom 40% of low-income households. This prompted speculation, and perhaps hope, in some quarters that the government would move away from distortionary, race-based affirmative action policies.
MALAYSIAN ECONOMY OUTLOOK OPINIONS Danny Quah Quah says 40% of government spending is currently paid for by petroleum revenues, which would dry up by 2014. And 20% of government spending goes towards subsidies alone. In response to a reference to the recent Are we going bankrupt? controversy, Quah says, Controversy? Hardly a controversy, its just arithmetic.
CONCLUSION Knowledge based economy is focused on the production and management of knowledge in the frame of economy constraints. In other words it refers to the knowledge and technologies to produce economic benefits and as well as job creation which they already did and it leads us to the construction of High tech city near Kuala Lumpur called Cyberjaya which is good news.
RECOMMENDATONS
Malaysia needs to maintain its edge over it competitors since there growing competition from other emerging market. It will be very hard and challenging for Malaysia since there are new technologies are on their way. We have to realize what we need and why we need. We have to do investment on our IT departments so they can introduce to us new and modern technologies. THE END Q & A