World Bank2017-05-242017-05-242012-04https://hdl.handle.net/10986/26747The Malaysian economy grew robustly in 2011, outperforming forecasts. Growth was driven by domestic demand. Public consumption picked up more than expected toward the end of the year and fixed investment was also buoyant on higher investments by public and private companies. Private consumption spending remained strong, sustained by solid consumer credit, civil service bonus payments, and firm commodity prices benefiting smallholders. Inventories were a drag on growth as post- financial crisis restocking was completed. There is momentum to the reform agenda, but implementation could be accelerated. The government's transformation programs registered notable progress, but the challenge now is to go beyond quick wins and accelerate the implementation of more difficult, but critical, structural reforms that lie at the core of transforming the economy into a high-income one. Implementation can be assisted by increasing the coordination of related reform efforts (such as safety nets and education), building capacity within the civil service to lead reforms, and working towards consensus in key areas such as educational reform, subsidy rationalization and broadening the tax base.en-USCC BY 3.0 IGOABSOLUTE ADVANTAGEACTUAL VALUEADVANCED ECONOMIESAGRICULTUREAMOUNT OF CREDITANNUAL GROWTHASSETSASSETS RATIOBALANCE SHEETSBANKING SYSTEMBASIS POINTSBONDSBROAD MONEYBUSINESS CONFIDENCECAPITAL FLOWSCAPITAL GOODSCAPITAL INFLOWSCAPITAL MARKETSCAPITAL OUTFLOWSCENTRAL BANKCENTRAL BANK BILLSCENTRAL BANKSCOMMODITY PRICESCOMPETITIVENESSCONSENSUS FORECASTCONSOLIDATIONCONSUMER CREDITCONSUMER GOODSCONSUMER PRICE INFLATIONCONSUMPTION GOODSCONSUMPTION SPENDINGCREDIT CARDSCREDIT EXPANSIONCREDIT GROWTHCREDIT LINESCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT BALANCESCURRENT ACCOUNT SURPLUSDEBTDEBT CRISISDEBT HOLDINGSDEBT LEVELSDEBT RESTRUCTURINGDEBT SECURITIESDEFICIT FINANCINGDEMAND FOR FUNDSDEVELOPMENT ECONOMICSDISTORTIONSDOMESTIC BANKINGDOMESTIC CONSUMPTIONDOMESTIC DEMANDDOMESTIC MARKETDOMESTIC MARKETSDRAG ON GROWTHDUTCH DISEASEECONOMIC COOPERATIONECONOMIC CRISISECONOMIC DEVELOPMENTSECONOMIC GROWTHECONOMIC MODELECONOMIC OUTLOOKECONOMIC PERFORMANCEELASTICITYEMERGING ECONOMIESEMERGING MARKETSEQUIPMENTEQUITY MARKETEXCHANGE RATEEXPENDITUREEXPORT GROWTHEXPORT MARKETEXPORT MARKETSEXPORTSEXPOSUREEXTERNAL DEMANDEXTERNAL POSITIONEXTERNAL TRADEFEDERAL BUDGETFEDERAL BUDGET DEFICITFINANCIAL CRISISFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL STATEMENTSFIXED CAPITALFIXED INVESTMENTFOOD PRICEFOOD PRICESFORECASTSFOREIGN ASSETSFOREIGN CAPITALFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN INVESTORSFREE TRADEFREE TRADE AGREEMENTGDPGLOBAL BUSINESSGLOBAL DEMANDGLOBAL ECONOMYGOVERNMENT BONDGOVERNMENT BOND YIELDSGOVERNMENT BONDSGOVERNMENT DEBTGOVERNMENT EXPENDITURESGOVERNMENT FINANCESGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROSS NATIONAL INCOMEGROWTH RATEHOUSEHOLD INCOMEHUMAN RESOURCESIMPORTIMPORT GROWTHIMPORTSINCOME GROUPSINCOME GROWTHINCOME LEVELINCOME TAXINFLATIONINFLATION EXPECTATIONSINFLATION RATEINFLATIONARY PRESSURESINSURANCEINTEREST RATEINTEREST RATE SWAPINTERNATIONAL FINANCIAL STATISTICSINTERNATIONAL SETTLEMENTSINTERNATIONAL STANDARDSINVENTORIESINVENTORYINVESTMENT ACTIVITYINVESTMENT BANKSINVESTMENT CLIMATEINVESTMENT FLOWISSUANCESLABOR FORCELABOR MARKETLABOR MARKETSLENDING PRACTICESLIQUIDATIONLIQUIDITYLIVING STANDARDSLOANLOW INTEREST RATESM3MARKET CONDITIONSMARKET SHAREMARKET SHARESMONETARY CONDITIONSMONETARY FUNDMONETARY POLICIESMONETARY POLICYNATIONAL INCOMENATURAL DISASTERSNATURAL RESOURCESNEGATIVE SHOCKNET EXPORTSNOMINAL EXCHANGE RATENON-PERFORMING LOANSOIL EXPORTSOIL PRICESOIL REVENUESOPEN ECONOMYOTHER CURRENCIESOUTPUT GAPOUTSTANDING DEBTPENSIONSPORTFOLIOPORTFOLIO FLOWSPORTFOLIO INFLOWSPORTFOLIO INVESTMENTPRICE CONTROLSPRICE INDEXPRICE INFLATIONPRICE MOVEMENTSPRIVATE CONSUMPTIONPRIVATE DEBTPRIVATE INVESTMENTSPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC DEBTPUBLIC INVESTMENTSREAL EFFECTIVE EXCHANGE RATEREAL ESTATE INVESTMENTSREAL EXCHANGE RATESREAL GDPREAL GROSS DOMESTIC PRODUCTREAL IMPORTSREAL INTERESTREAL INTEREST RATESREAL WAGE GROWTHREPOSRESERVERESERVE REQUIREMENTRESERVESRETURNRETURNSSAFETY NETSAFETY NETSSAVINGS ACCOUNTSHORT-TERM EXTERNAL DEBTSLACKSLOWDOWNSOVEREIGN DEBTSOVEREIGN DEFAULTSTOCK MARKETSTOCKSSTRONG COMMODITYSTRONG DEMANDSTRUCTURAL REFORMSSUPPLY DISRUPTIONSTAXTAX COLLECTIONSTRADE BALANCESTRADE CREDITTRADE LIBERALIZATIONTRADINGTRADING PARTNERSTRANSPARENCYTRANSPORTATION COSTSUNCERTAINTYUNEMPLOYMENTUNEMPLOYMENT RATESWAGESWEAK DEMANDWORKING CAPITALWORLD DEVELOPMENT INDICATORSReportWorld Bank10.1596/26747