SE Asian Economic Growth Higher Than Expected

Updated On: Aug 30, 2010

Many Southeast Asian economies have released stronger than expected economic growth figures for the second quarter of 2010. 

Malaysian GDP rose 8.9 per cent year on year, more than the 8.1 per cent that economists had expected. 

The Philippines posted stronger-than-expected economic growth of 7.9 per cent in the second quarter. In Thailand, Q2 growth was 9.1 per cent year on year.

Earlier in the year, it was announced that Singapore's GDP rose an annualized 18.1 percent in the first half of 2010, prompting the government in mid-July to predict GDP will rise 13 per cent to 15 per cent in 2010. In Indonesia, second quarter figures were up 2.8%, meaning that annual growth will likely exceed the government's 5.8% forecast.

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