Thai economy needs urgent stimulus measures World

Thai economy needs urgent stimulus measures

The Thai economy requires urgent stimulus measures after its growth declining in two consecutive quarters, the Fiscal Policy Office (FPO) of the Thai Financial Ministry stated on August 21.

Consumer optimism falls in Indonesia

Indonesian consumers are less optimistic pessimistic about the country’s economic growth following their government’s decision to reduce fuel subsidies on June 15.

Japan’s economy shrinks for third quarter

Japan’s economy fell into recession for the third consecutive quarter as exports and consumer spending dropped due to the aftermath of earthquakes and tsunami in March, reported the Japanese Cabinet Office on August 15.

Singapore, RoK up 2010 growth forecasts

The Singaporean government has upped its economic growth forecast to 15 percent for this year, possibly making the country the fastest growing economy in the world in 2010.
ADB revises up Vietnam’s GDP projection to 4.7% Business

ADB revises up Vietnam’s GDP projection to 4.7%

The Asian Development Bank (ADB) on September 22 revised up its GDP growth forecast for Vietnam for 2009 from 4.5 percent projected in March this year to 4.7 percent and maintained its projected growth of 6.5 percent for 2010.

The projections are part of the Asian Development Outlook Update 2009 which lowered its 2009 growth forecast for Southeast Asia to 0.1 percent from 0.7 percent and upgraded its economic growth forecast for 2009 in East Asia and South Asia to 4.4 percent and 5.6 percent respectively.