Economic Trend in Countries Like Ireland, Malaysia, Essay

Economic Trend in Countries Like Ireland, Malaysia, - Essay Example an Institute of Economic Research, such corrective measures have led to an increase in most of the consumer product prices, thus raising the cost of living. Such a situation is giving inflation an upper hand, especially with issues revolving around the cost-push and demand-pull factors being on the rise. In a report made by the Department of Statistics of Malaysia, there was a noticed expansion in the nation’s Gross Domestic Product (GDP) in the 2013 fourth quarter. There is a sense of growth in Malaysia because it is demonstrating to be an economic pace-setter in the Asian region. The table below shows the GDP growth rate of Malaysia since 2010, expressed as a percentage. From the table, it is very clear that the last quarter in the year 2013 recorded an improvement of 2.4% from the previous quarter that was at 1.9%. However, TradingEconomics.com records that the total growth rate in 2013 fell to 5.6 from 6.4 in 2012. There is a clear indicator that Ireland’s GDP recorded a 2.4 percent in the fourth quarter of 2013, which is due to the massive imports and a reduction in the general consumer expenditure. This is in relation to IAB Treasury Economic Research as shown in the chart below. The Economic and Social Research Institute confirms that there are many investment opportunities in Ireland. This is because there are positive trend in the machinery and equipment purchases. The statistical calculations indicate that the trend has grown by a margin of 11 percent. In addition, there is a huge growth base in the construction industry, which indicates good improvement. Regarding Ireland’s expenditure, there is a massive growth in imports (stlouisfed.org). Statistically, there is a 1.0% improvement in government spending as compared to the 2013 third quarter, which was at 4.9%. The imports show a slight improvement that is 0.8% as compared to the previous quarter, which was at 0.5%. Ireland’s expenditure had 9.8 percent in the total exports because of a