Cautiously but surely, Penang's growth continues
By Ong Wooi Leng
July 2015 COVER STORY
It’s been a trying start to the year, but Penang remains resilient.The KL skyline. Malaysia’s GDP continued to grow strong with a growth rate of 5.6% in the first quarter of 2015.Penang’s economy is dependent on national and global economic conditions; the US economic recovery, lower oil prices, the Asean Economic Community (AEC) and the implementation of GST in Malaysia are likely to change consumers’ spending and producers’ output, as well as business strategies. These factors are also likely to...
Ong Wooi Leng
heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.
