OECD Statistics’ Post

The performance of the Malaysian economy for the first quarter of 2024 was released today. For highlights and more, read the quarterly bulletin at bnm.gov.my/qb24q1en #GDP

Half of #Africa #GDP comes from the following 5️⃣ countries: 1) 🇿🇦 #Southafrica: USD 373 billion 2) 🇪🇬#Egypt: USD 348 billion 3) 🇩🇿 #Algeria: USD 267 billion 4) 🇳🇬#Nigeria: USD 253 billion 5) 🇪🇹 #Ethiopia: USD 205 billion

Steady performance of the Malaysian economy in Q2 with 5.9% GDP growth, slightly higher than expectations! Here is the report of the Malaysian Central Bank. #businessdevelopment #marketentry Asian Insiders

China's #GDP increased 5% in 2024, in line with the government's target of “around 5%.” Fourth-quarter growth was 5.4% year-on-year compared with 4.6% in the previous three-month period.

In Q2 2024, Malaysia’s GDP grew by 5.9%, fueled by strong domestic demand and rising exports. The manufacturing and services sectors saw significant growth, with the electrical and electronics industry leading the way. Economic growth is expected to continue, though challenges like external demand fluctuations and geopolitical tensions remain. Inflation is projected to stay within the forecast range of 2.0% to 3.5%. Read more: https://lnkd.in/g_zZerWS

The Middle East and North Africa (MENA) regions are experiencing an uneven recovery amid high uncertainty in 2024. Projected Growth: The MENA region is expected to grow at a rate of 2.9% in 2024, downgraded from already weak growth of 2.0% in 2023. #growth #gdp #menaregion #egypt #northafrica https://lnkd.in/dGBij5ct

Poland 20 years in the EU Today Poland celebrates 20 years of joining the EU. Here are some statistical data to demonstrate the difference these 20 years made: - Poles are wealthier: in 2004 #GDP per capita was 47% of EU average. Today it’s 80% - Economy size: in 2004 #Poland #economy was the 25th in the world, today it’s 21st - #Export: in 2004 the value was 265 billion zlt, in 2023 its 1604 zlt - net beneficiary: Poland paid 78,5 billion euro to #EU budget and it received 235,7 billion euro. Net benefit: 157,2 billion euro

𝐓𝐡𝐞 𝐞𝐱𝐭𝐫𝐚𝐨𝐫𝐝𝐢𝐧𝐚𝐫𝐲 𝐫𝐢𝐬𝐞 𝐨𝐟 𝐂𝐡𝐢𝐧𝐚 In 1980, only nine African countries were poorer (GDP per capita) than China. In 2023, only 2 African countries are ahead of China. Several factors are highlighted as drivers of this unprecedented development of China. 𝘊𝘢𝘯 𝘵𝘩𝘦 𝘊𝘩𝘪𝘯𝘦𝘴𝘦 𝘮𝘰𝘥𝘦𝘭 𝘣𝘦 𝘴𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭𝘭𝘺 𝘳𝘦𝘱𝘭𝘪𝘤𝘢𝘵𝘦𝘥 𝘣𝘺 𝘈𝘧𝘳𝘪𝘤𝘢𝘯 𝘤𝘰𝘶𝘯𝘵𝘳𝘪𝘦𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘨𝘭𝘰𝘣𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘹𝘵? #SDG #UNECA #Africa #Tredns&Poor

Here is the summary of how Malaysia economy performed in Q1 2024

Do you think that property transactions are on the rise? Below are some numbers from BNM and NAPIC-JPPH. BNM “Credit growth to the private non-financial sector increased to 5.2% (4Q 2023: 4.8%). This was supported by higher growth in outstanding loans to both businesses (4.9%; 4Q 2023: 3.7%) and households (6.2%; 4Q 2023: 5.7%). For households, outstanding loan growth was higher across most loan purposes, reflecting continued demand for loans, particularly for the purchase of housing and cars.” NAPIC-JPPH Based on NAPIC’s latest release, the data appears to be in line with transaction volume quarter-over-quarter for the 1st quarter, which has grown 17.2% (“QoQ”), while transaction value QoQ has grown 34.3%. A large portion of these transactions consist of the residential sector. As practitioners, have you been on the receiving end of such an increase in transactions? #realestate #propertytransaction