首页 社会正文

皇冠信用网开户:IPI posts big rise in June

admin 社会 2022-08-27 03:06:49 6 0

皇冠最新登陆网址www.hg108.vip)实时更新发布最新最快的皇冠最新登陆代理线路网址、皇冠最新登陆会员线路网址、皇冠最新备用登录网址、皇冠最新手机版登录网址。

Sunway University economics professor Yeah Kim Leng told StarBiz that June’s IPI “has surprised on the upside and lifted the industrial output in the second quarter to a strong 6.9% y-o-y increase, up from 4.5% in the previous quarter.”

KUALA LUMPUR: Economists have cautioned that domestic and global economic headwinds could result in Malaysia’s industrial output growth slowing down in the second half of 2022.

This is despite the country’s industrial production index (IPI) recording year-on-year (y-o-y) double-digit growth in June 2022.

Sunway University economics professor Yeah Kim Leng told StarBiz that June’s IPI “has surprised on the upside and lifted the industrial output in the second quarter to a strong 6.9% y-o-y increase, up from 4.5% in the previous quarter.”

Yeah pointed out that manufacturing continued to gather strength, expanding by 9.3% in the second quarter from 6.3% in the first quarter while the electricity sector, reflecting higher services and production activities, rose to 5.8% from 3.7%.

“With manufacturing and services accounting for slightly over 80% of gross domestic product (GDP), the strong industrial performance affirmed the strengthening economic recovery in the second quarter following the lifting of most pandemic restrictions on April 1,” he said.

“The continuing improvement in the IPI suggests that GDP growth in the second quarter will likely hit 6% or higher,” added Yeah.

,

皇冠信用网开户www.hg108.vip)是一个开放皇冠正网即时比分、皇冠信用网开户的平台。皇冠信用网开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠信用网代理开户、皇冠信用网会员开户业务。

,

Centre for Market Education (CME) CEO Carmelo Ferlito told StarBiz that the June IPI data is good and can be a source of optimism.

However, he expects Malaysia’s monthly industrial output growth to taper off gradually towards the year-end, with the global economy cooling sharply due to the Russia-Ukraine war, slowdown in China due to Covid-19 restrictions and aggressive monetary tightening in the United States and Europe.

“IPI growth may ease to 4% to 5% as the global economy cools in the second half,” said Yeah.

Meanwhile, Centre for Market Education (CME) CEO Carmelo Ferlito told StarBiz that the June IPI data is good and can be a source of optimism.

However, Ferlito noted that the latest 2022 IPI data needs to be read under the right perspective, as 2021 was a year characterised by the longest lockdowns.

“These signals are positive but need to be considered also as a starting point within a context of a fragile recovery. Malaysia will not be exempted from the post-Covid inflationary crisis which was predicted by CME as early as May 2021,” he said.

Ferlito added that brave measures such as a cut in government spending was very much needed and will have a contraction effect, but was absolutely necessary to put the country on the path of sustainable growth.

版权声明

本文仅代表作者观点,
不代表本站通辽信息网的立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 6人围观)
☹还没有评论,来说两句吧...