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Lucintel Forecasts Steady Growth in Malaysian GDP: Expected to Reach $434 billion by 2017.
Irving, TX (PRWEB) December 02, 2012
Malaysia represents one of Southeast Asia's most vibrant economies, the fruit of years of industrial growth and political stability. The country has an open economy where exports play a major role, contributing a large portion of the country's total GDP. Malaysia's GDP growth rate is expected to grow at an average of 5% to reach $434 billion by 2017. The Malaysian government plans to use this growth momentum to transform the country into a high-income nation by 2020.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of Malaysia and presents its findings in “Malaysia Country Analysis 2012-2017 An Evaluation of Political, Social, Economic, and Business Risk.” This study provides a concise overview of the political, economic, social, technological, and business risk associated with the country and the forecast of GDP and population for the next six years.
According to Lucintel's market research report study, although the Malaysian economy projected a healthy and stable growth, it faced high inflation caused by higher food, beverage, and water prices, as well as a subsidy on sugar, and gasoline and electricity tariffs. The country, in terms of political risks, faced a major challenge resulting from the religious and ethnic diversity in the country. The Chinese and Indian minority residing in the country consider the government's economic policies to be discriminatory against them in favor of the Muslim-Malay majority.
Lucintel's analysis underlines that the most attractive part of Malaysian economy is its political stability. The ruling political party of the country (Barisan Nasional) has been in power since the country’s independence. The government also has focused on the adjustment of fiscal policy to boost revenue and cut down expenditures by 2015.
This report highlights different aspects of Malaysia, including geopolitical factors, economic performance, quarterly trends, foreign direct investment by industry, demographic trends, income data, budget deficit, trade structure and opportunities, foreign exchange reserve performance and exchange rates, and R&D expenditures.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel’s opportunity screening and business strategy consulting services have supported decision makers in achieving their growth objectives. To learn more, visit http://www.lucintel.com
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