tag:blogger.com,1999:blog-6297413898275266606.post8552596800029932411..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: February 2012 Consumer Prices: Under Currentshishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6297413898275266606.post-43637842800399641922012-03-27T09:13:46.124+08:002012-03-27T09:13:46.124+08:00Sorry, we don't actually resolve those uncerta...Sorry, we don't actually resolve those uncertainties, the best we can do is measure it. But I'll do a post to explain why. Might take some time though.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-23397165590083577592012-03-26T16:37:39.797+08:002012-03-26T16:37:39.797+08:00You hv explained the GDP deflator i.e cost of widg...You hv explained the GDP deflator i.e cost of widget in base year..very clear n valuable insight.But I reckon Pemandu simplifies by applying inflation rate of 2.8% to the real growth of 6 % to arrive at the RM 1.7 trillion in 2020.Of cos they then presented another set of numbers i.e RM 48k/capita as a backstop.<br /><br />My point is how do we measure progress when the end post is so fraught Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-4793207431282590862012-03-26T15:31:18.639+08:002012-03-26T15:31:18.639+08:00Just to illustrate some of the problems with estab...Just to illustrate some of the problems with establishing a proper target:<br /><br /><i>"Lower inflation means real GNI growth needs to be higher if we are to attain the HIE target of RM48k"</i><br /><br />Lower CPI inflation doesn't necessarily translate into a lower GDP deflator, which is really what affects the GNI calculation.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-13093759587790894062012-03-26T14:09:37.885+08:002012-03-26T14:09:37.885+08:00Lower inflation means real GNI growth needs to be ...Lower inflation means real GNI growth needs to be higher if we are to attain the HIE target of RM48k.However USD weakening to RM3 makes the USD15k easier to achieve.Guess it really shows that ETP targets are really moving goalpost cos of the many variables at play.Wld ETP stand up and tell us wats is the real target?.1.7 trillion,RM48k,Usd 15k,6% real growth...and its not relevant just to point Anonymousnoreply@blogger.com