Turning Points: Ups and downs of Penang’s economy

loading

Introduction

We take keen interest on economic news only because we realise that recessions have a way of creeping up on us and messing up whatever big plans we have for the future. Timing is everything, the way Solomon’s wisdom teaches us in the Book of Ecclesiastes – a time to plant, a time to build, a time to keep and a time to throw away. Still, some three millenniums will pass before formal studies and public announcements are made of cyclical changes occurring in the economy.

In the U.S., although the business cycle dating committee1 was only established in 1978, the National Bureau of Economic Research (NBER) has been publishing business cycle dates since 1929.


To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.



Related Articles

COVID-19 EXCLUSIVES