2017年-世界发展银行全球_Malaysia_Economic_Monitor_June_2017___Data_for_Development_96页_4mb

报告摘要

Malaysia Economic Monitor - June 2017 Summary

Core Content

This report provides an analysis of recent economic developments in Malaysia and outlines the importance of data for development. It emphasizes the need for a more open and collaborative data ecosystem to support economic growth, public service delivery, and research.

Main Points

Recent Economic Developments and Outlook

GDP Growth: Malaysia's GDP grew by 5.6% (y/y) in 1Q 2017, up from 4.5% (y/y) in 4Q 2016. This growth was driven by private consumption and private investment, particularly in machinery and equipment.
GDP Projection for 2017: The GDP growth rate is expected to accelerate to 4.9%, slightly above the government's projection range of 4.3–4.8%.
GDP Outlook for 2018–2019: The GDP growth rate is projected to remain at 4.9% in 2018 and rise to 5.0% in 2019.
Current Account Surplus: The current account surplus narrowed to 1.6% of GDP in 1Q 2017 from 3.8% in 4Q 2016. This was due to strong import growth and a widening services deficit.
Current Account Outlook: The surplus is projected to narrow further in 2017, and remain at a similar level in 2018.
Monetary Policy: The monetary policy is expected to remain accommodative and supportive for growth. Inflation is projected to rise to 3–4% in 2017 from 2.1% in 2016.
Fiscal Consolidation: The government is on track to achieve a 3.0% of GDP deficit in 2017. Fiscal consolidation is expected to continue, with the Goods and Services Tax (GST) helping to diversify revenue sources.
Economic Risks: Short-term risks stem from external developments, including protectionism, US fiscal policy uncertainty, and commodity price volatility.
Structural Reforms: The report recommends further structural reforms to increase potential growth, including measures to raise productivity, encourage innovation, and improve public service delivery.

Data for Development

Data Importance: Reliable and timely data is essential for better policy-making, public service delivery, homegrown research, and private sector growth.
Data Ecosystem: Malaysia's data ecosystem is still underdeveloped compared to high-income economies. The report highlights the need for improving data openness and collaboration among data producers, users, and the research community.
Data Utilization: Data is increasingly used as a catalyst for reforms and economic growth. The Malaysia Digital Economy Corporation (MDEC) is promoting the adoption of Big Data Analytics (BDA).
Open Data: Malaysia's Open Data Barometer (ODB) score in 2016 was 53, lower than many advanced economies and regional economies. The government aims to increase data openness and is planning to release 7,000 datasets by 2020.
Data Collaboration: The current national statistical system is fragmented, with data maintained by various ministries and not fully integrated. The report suggests the need for federated data systems and clearer legal and policy frameworks to support data sharing and dissemination.
User Engagement: User feedback is crucial for ensuring data relevance. Civil society, the private sector, and academia are key data users, and there is a need for more inclusive engagement to better understand data needs and expectations.
Statistical Infrastructure: Malaysia's statistical infrastructure needs restructuring to improve efficiency and responsiveness to growing data demands. This includes moving towards specialized statistical units and using administrative data to reduce the need for dedicated surveys.

Key Information

GDP Growth: Strong growth in 1Q 2017, driven by private consumption and private investment.
Current Account: Narrowed due to import growth and services deficit.
Fiscal Deficit: Government aims to reduce deficit to 3.0% of GDP in 2017.
Data Ecosystem: Needs improvement in openness, collaboration, and user engagement.
Open Data Barometer: Malaysia ranked 53 in 2016, below many high-income and regional economies.
MAMPU's Goal: To release 7,000 datasets by 2020 as part of its data-driven transformation.
DOSM's Role: As the primary data producer, DOSM is working to modernize and expand its data offerings.
Data Users: Include civil society, business community, and academia, who demand more granular and timely data.
Policy Recommendations: Include improving legal and policy environment, increasing data openness, and enhancing data collaboration.

Conclusion

Malaysia has a strong and stable economy with the potential for further growth. However, to fully realize this potential, the country needs to enhance its data ecosystem. A more open and collaborative data environment can improve policy-making, public service delivery, and economic development. The government is taking steps to modernize data systems and increase data availability, but further refinement of legislation and policies is required to support data dissemination and foster innovation.