2017 Economic Survey of China, china investment in malaysia 2017 Beijing. For further information please contact the China Desk at the OECD Economics Department. The Survey was prepared by Margit Molnar, Ben Westmore and Thomas Chalaux, with contributions from Jiangyuan Lu, Wenhao Chen, Baolin Wang and Hyunjeong Hwang, under the supervision of Vincent Koen.
Secretarial assistance was provided by Mercedes Burgos and Sisse Nielsen. With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
Malaysia’s economic outlook proves favorable with economic growth expanding in the first quarter of 2017. 2017, which is slightly higher than the current projection range of 4. Private consumption is projected to remain as the main propeller of growth, backed by ongoing private investments which saw a moderate growth driven by implementations of new and ongoing projects. Fiscal consolidation is expected to stay on track with efforts poised to continue well into 2017. The potential risks to Malaysia’s economic growth are primarily external ones, stemming from threats of trade protectionism in the US fiscal stimulus and trade policies, and from the impacts of potential fluctuations in global commodity prices. Data is becoming increasingly relevant for economic development.
For Malaysia to achieve high-income status by 2020, improving the availability and quality of data can further drive productivity in the private sector and academic research, as well as make public service delivery more efficient. As of 2015, Malaysia ranked 51 for Open Data, or the ability to make government-data publicly available, and lower compared to regional and advanced economies. Improving Malaysia’s Open Data environment is needed to match the data ecosystem of high-income economies. The report highlights that an increased volume of high-quality data is highly correlated with development. Effective data management is crucial for policymaking and public service delivery. Data collaboration among data producers and the Malaysian government is key in order to cope with fragmentation in the system, and can provide an effective mechanism for the Department of Statistics to form group alliances with external partners.