Much focus has been placed on curbing the rising prices of properties but will it be a
cause for concern when it comes to the country’s economic growth? Given the slower-than-expected growth in the country’s economy in the first quarter of 2013, some concerns were raised should the measures become a drag to economic performance, especially when the global economy is shaky and the country’s economy is driven by domestic demand.
Malaysia’s gross domestic product (GDP) growth in the first quarter was lower at 4.1% compared with 5.1% in the corresponding period last year. The pace of growth was the lowest since the third quarter of 2009.
AmBank Group chief economist Anthony Dass tells StarBizWeek that measures to curb property prices from accelerating significantly may have some impact on domestic demand and economic growth, but they will not be significant to impact the overall economic growth.
He says stronger property prices in the short term could strengthen investment and consumption
spending, giving a positive impact on domestic demand.
Much focus has been placed on curbing the rising prices of properties but will it be a
cause for concern when it comes to the country’s economic growth? Given the slower-than-expected growth in the country’s economy in the first quarter of 2013, some concerns were raised should the measures become a drag to economic performance, especially when the global economy is shaky and the country’s economy is driven by domestic demand.
Malaysia’s gross domestic product (GDP) growth in the first quarter was lower at 4.1% compared with 5.1% in the corresponding period last year. The pace of growth was the lowest since the third quarter of 2009.
AmBank Group chief economist Anthony Dass tells StarBizWeek that measures to curb property prices from accelerating significantly may have some impact on domestic demand and economic growth, but they will not be significant to impact the overall economic growth.
He says stronger property prices in the short term could strengthen investment and consumption
spending, giving a positive impact on domestic demand.