Moody’s: Malaysia Needs to Address Several Challenges to Maintain Growth

According to a recent Moody’s Analytics report, Malaysia needs to address several current issues such as state income inequality and changing global energy trends to keep on growing. The report titled ‘Malaysia’s Shifting Regional Diversity’, focused on major industries in the country.

One of the main challenges reported was income inequality among states in the country, particularly between manufacturing states and agricultural or natural resources states, leading to large income gaps and varying levels of economic growth between regions. Adding to this inequality is the country’s ageing population, with the elderly moving to rural areas for retirement, while the younger generation migrate...