EPF’S Nurhisham Hussein: Peak Children, Just Like Peak Oil is an Economic Worry

The Great Divide

EPF’S Nurhisham Hussein: Peak Children, Just Like Peak Oil is an Economic Worry

EPF Chief Economist Nurhisham Hussein tells AWANI Review’s Ibrahim Sani that Japan and Scandinavia nurture their children at a very early age to overcome the phenomena of `Peak Children’ – the generational divide between parents and their off-spring.

“Bullies are made before the age of two,” says Nurhisham Hussein, The Employee Provident Fund or EPF’s Economy & Capital Markets General Manager.

“That is why we need to train kids before they enter school” cautioned Nurhisham.

The economist is speaking to AWANI Review to assess the recent announcement of the 2017 GDP results which saw the country clocking an impressive 5.9 percent GDP growth figure.

“I know it looks impressive, but I must remind you that the numbers you read are at Real GDP figures and not Nominal GDP. Real GDP merely measures the expansion in production levels and not necessarily the nominal figures. For that, you would need to see the Nominal GDP numbers."

Nurhisham, however, says that “while we did see growth figures for the Real GDP numbers, the Nominal GDP were registering a much narrower figure, but it still did grow nonetheless.”

“All this talk about GDP however must address a generational issue that is afflicting not just our country, but the rest of the world as well, which is ‘Peak Children’”.
 
To find out what ‘Peak Children’ is, and how this will affect the economy of Malaysia and beyond, watch the interview with Nurhisham Hussein below

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