The fine art of estimating economic health

By Chan Huan Chiang

March 2011 UTTER ECONOMICS
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In a centralised country like Malaysia, economic data are generated for national planners. What is a state like Penang to do? All is not lost. There is much to be learned from what is available. You just need to know how to interpret what’s out there.IntroductionWhen reports say that the economy is growing at six per cent, this number is the change in the real (i.e. adjusted for inflation) gross domestic product (GDP) over a one-year period. Since the population...

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Chan Huan Chiang

is a senior research fellow at the Penang Institute.

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