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Tuesday, March 31, 2020

Malaysia Annual Population Growth: What does it mean to us?

Malaysia Annual Population Growth: What does it mean to us?
Annual population growth for Malaysia recorded a down-trending trend from 1.6% in Y2010, to 1.3% in Y2015 and reduced further to 1.1% in Y2019 (estimates).
How does this impact us?
1. Malaysia becomes an ageing nation. More ageing people compared to a young generation.

2.Higher medical cost due to more ageing people. Possibility for the Gov to stop the full subsidy of medical is high.

3. Changing in a taste of fashion, gadget, the way of the country addressing its social benefit, will slowly happen.

4. Effect the productivity of the nation unless it was substituted with the automation processes.

Dan banyak lagi.
Are we ready to get old together?
Source: DOS

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