Monday, August 31, 2009

Quarter 2 GDP at -3.9%

MERDEKA

Today August 31, 2009 is the 52 year Malaysia celebrates her independence from Britain. The Melaka Sultanate came to an end in 1511 when Portuguese invaded Melaka. In 1641 Melaka was under Dutch rule while the Japanese ruled during the second world war.Yes my country is an independent nation BUT NOT ME.

GROSS DOMESTIC PRODUCT

The Malaysian economy grew at a surprisingly stronger -3.9% for quarter two 2009. Sincerely I thought quarter two would be worst than quarter one (-6.2%) but it turned out better than my common sense calculations. The Minister of Finance has hinted another bleak negative growth for quarter three 2009. The spread of H1N1 influenza where the deaths have surpassed 70 lives would indirectly affect quarter three GDP.Malaysians are more health conscious nowadays. Normally during Ramadan people would break fast at outdoor restaurants but this year it was different.Last Friday I broke fast at a restaurant in Seremban. There were not many customers and I was treated as usual by rude Malaysians.

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