Page 1of 10ECON1016, Sem 1 2019, Assignment ECON 1016 – Macroeconomics 1 Policy Brief Project You must compose the policy brief according to the template detailed in this section. Instructionsfor each required element of the brief are included within this template These instructions arereflected in the requirements of the rubric detailed. Ensure that the policy brief includes each ofthe elements detailed in the template, and that you do not reorder, rename, or omit any of theseelements. All members should agree with the following contribution weights to the group assignment.Group membersOnly one submission per group Please indicate using * in student name who will be submitting the assignment in Turnitin (inCanvas) on the group’s behalf. Student nameStudent number% contributionSignature Final mark (tutors only)Page 1of 10
Page 2of 10ECON1016, Sem 1 2019, Assignment Part A: Diagnostics AnalysisName of country:MalaysiaIndicator 1: Gross Domestic Product (GDP)Figure 1 Malaysia GDP - Long TermComments and observationsThe GDP of Malaysia generally is in an increasing trend throughout the period of 2009 to 2017.With the exception of 2015, where there is a drop in oil prices, that have significantly affected thenominal and real GDP as oil prices have a strong correlation with Malaysia’s GDP over the past15 years. Being heavily reliant on export-oriented manufacturing, Malaysia is greatly affected bythe global economic crisis in 2008, which resulted in negative GDP and GDP growth rate in2009. Figure 2 Malaysia GDP - Short TermComments and observations Overall, the annual GDP of Malaysia increased from 4.2% in 2016 to 5.9% in 2017. Based on theeconomic growth of Malaysia from 2016 to 2017, we can observe an increasing trend of GDP, ascompared to the previous year same quarter. This is boosted by the acceleration of privateconsumption, investment, government spending and exports. As the private consumption,Page 2of 10
Page 3of 10ECON1016, Sem 1 2019, Assignment investment and exports of the nation decelerates, there is a decline in GDP in the fourth quarter of2017. However, we can still observe an increase in GDP than in fourth quarter of 2016. Page 3of 10
Page 4of 10ECON1016, Sem 1 2019, Assignment Indicator 2: Unemployment Figure 3 Malaysia Unemployment Rate – Long TermComments and observationsThe unemployment rate of Malaysia is in a decreasing trend throughout the period of 2009 to2017. With the exception from 2012 to 2013 and from 2014 to 2016. Due to the slowdown ineconomic activities, business activities are affected, which resulted in the youth adults and freshgraduates having difficulty seeking jobs and unable enter the job market, leading to the rise inunemployment. Overall, the unemployment rate of Malaysia is approximately low and stableespecially in the year 2014 with the lowest unemployment rate of 2.9%.