SOUTHEAST ASIA: GROWTH REMAINS SOLID IN THE MEDIUM TERM – 5.6% IN 2012-2016
Jakarta, Indonesia, 29 November 2011 – Growth for the six Southeast Asian economies, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Viet Nam, will be 5.0% in 2011, and is projected to be 5.6% during 2012- 2016, 2% lower than in 2010. Global uncertainties and natural disasters shed a negative light on the growth prospects of the region but compared with sluggish OECD economies, overall Southeast Asia will have a solid growth performance through 2016, says the OECD Southeast Asian Economic Outlook released today.
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