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Determining the malaysian real gdp

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Reference no: EM133129319

During the pandemic, the Malaysian real GDP is substantially lower than it was predicted prior to pandemic era. Prior to the pandemic, the economy is expected to grow at 5.5% per annum. However, due to the covid-19 disaster, the Malaysian economy now is expected to grow at 4.1%. A significant 1.4% lower than previously expected.

Explain the above statement in terms of the Malaysian citizens well-being.

Reference no: EM133129319

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