On 15 February 2024, Single Buyer (Load Forecast Unit) hosted the final presentation for the second year of thethree-year study on "Gross Domestic Product (GDP) Forecasting and Economic Outlook for Malaysia." This study, initiated in July 2022 with external consultants (RAM Rating Services & Sunway University), aims to identify GDP growth drivers, develop long-term GDP forecast models for a 30-year horizon, and create scenarios illustrating different GDP growth trajectories.
Study Objectives:
1. Identify drivers of GDP growth.
2. Develop long-term GDP forecast models.
3. Develop scenarios for different GDP growth trajectories.
Event Highlights:
Held at the DoubleTree by Hilton Putrajaya Lakeside, the event gathered key stakeholders, including representatives from the Economic Planning Unit (EPU), Ministry of Energy Transition and Water Transformation (PETRA), Energy Commission, and various units within Single Buyer.
Presentations detailed the identification of GDP growth drivers, robust long-term forecast models, and various economic scenarios.
Key Takeaways:
1. GDP Growth Drivers: Highlighted critical factors such as technological advancements, policy changes, and global economic conditions.
2. Long-Term Forecast Models: Showcased predictive models for Malaysia’s GDP over the next 30 years.
3.Economic Scenarios: Discussed potential future economic trajectories under different conditions.
The event concluded with an engaging Q&A session, fostering a deeper understanding of the study’s outcomes and their implications for Malaysia's economic future. This successful presentation marks a significant milestone as the study enters its final phase
