The Association of Southeast Asian Nations (ASEAN) economies are showing moresigns of recovery.
The Singaporean government revised its forecast ofthe nation’s gross domestic product (GDP) growth in 2010 from 3-5 percent to4.5-6.5 percent. The state’s industrial production in January recorded a strongincrease of 40 percent over the same period last year while its tourism sectorgrew by 17.6 percent year-on-year, welcoming 908,000 visitors.
ThaiMinister of Trade, Porntiva Nakasai, on February 26 confirmed that his country’sexport in January registered the sharpest growth over the past 18 months thanksto the recovery of major export markets.
According to the Socio-economicDevelopment Committee of Thailand, the nation’s export is likely to grow 15.5percent this year, helping it achieve the GDP growth of 3.5-4.5 percent for thewhole year.
Meanwhile, Malaysia registered an economic growth of 4.5percent in the third quarter of fiscal year 2009, ending its economic crisis.Like neighbouring Singapore and Thailand , its strong export growth has helpedin overcoming the crisis.
The recovery in the country’s industrialsector has pushed the Malaysian government to raise its forecast of economicgrowth this year to 5 percent./.
The Singaporean government revised its forecast ofthe nation’s gross domestic product (GDP) growth in 2010 from 3-5 percent to4.5-6.5 percent. The state’s industrial production in January recorded a strongincrease of 40 percent over the same period last year while its tourism sectorgrew by 17.6 percent year-on-year, welcoming 908,000 visitors.
ThaiMinister of Trade, Porntiva Nakasai, on February 26 confirmed that his country’sexport in January registered the sharpest growth over the past 18 months thanksto the recovery of major export markets.
According to the Socio-economicDevelopment Committee of Thailand, the nation’s export is likely to grow 15.5percent this year, helping it achieve the GDP growth of 3.5-4.5 percent for thewhole year.
Meanwhile, Malaysia registered an economic growth of 4.5percent in the third quarter of fiscal year 2009, ending its economic crisis.Like neighbouring Singapore and Thailand , its strong export growth has helpedin overcoming the crisis.
The recovery in the country’s industrialsector has pushed the Malaysian government to raise its forecast of economicgrowth this year to 5 percent./.
