Guest Opinion: ASEAN's Better-Than-Anticipated Growth Will Likely Moderate In 2011 As Stimulus Measures Are Wound Back Sep 10
- ID: 1886273
- September 2010
- Region: ASEAN
- Standard & Poors
The global economy bounced back to record an impressive 5% GDP growth in the first quarter of 2010 and much of the unanticipated surge came from robust growth in Asia, despite renewed uncertainty around Europe's sovereign debt problems. In fact, many Association of South East Asian Nations (ASEAN) economies and Newly Industrialized Economies (NIEs) had already seen growth indicators turn around in second-half 2009. Specifically, the ASEAN-5 (Indonesia, Malaysia, Philippines, Thailand, and Vietnam: of the 10 ASEAN countries this report considers only these five) rebounded in third-quarter 2009 led by aggressive monetary and fiscal policy measures, the inventory cycle bottoming out, and capital flowing back into the region. Resilient demand from China also lifted growth as did a modest turnaround...
Companies mentioned in this report are:
- Thailand (Kingdom of)
- China (People's Republic of )
- Indonesia (Republic of)
- Philippines (Republic of the)
- Vietnam (Socialist Republic of)
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