While the outlook may be promising, unexpected events in 2016 will have negative lingering effects for the year ahead, for both Malaysia and Penang.Advertisement2016 has been a year of surprises and shocks. Uncertainty became the new normal, as a combination of factors – Brexit, Trump's White House victory, the rise of populism around the world, and the development of the oil price and ringgit – affected the country, including Penang.Penang, like Malaysia, is an open economy, and plays a part...
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is a visiting analyst in Economics at Penang Institute.
Negin Vaghefi
is a senior analyst at Penang Institute. She holds a Ph.D. in Environmental Economics. Her research interests include agri-environmental economics, climate change, green economics, poverty and income inequality, and policy analysis.