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According to the latest research briefing (4 Sep) by Oxford Economics on Asia’s labour supply, the labour participation rate (PART) in Malaysia is expected rise.
Written by Louis Kuijs, Head of Asia Economics, Oxford Economics; he said: “We expect the participation rate to rise further in Japan and forecast significant increases in South Korea, Taiwan, Hong Kong, Malaysia, Thailand, Indonesia and the Philippines. But we see only a modest increase in China and a mild fall in Australia.”
In fact, the study stated that many governments have taken measures to boost PART to mitigate the demographic pressures.
Lead Photo / 123RF
Graphs / Oxford Economics
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