Home > Asia, Business/Markets > ASEAN countries come back from economic crisis

ASEAN countries come back from economic crisis


Wednesday 10th November, 2010

 


Big News Network.com     Wednesday 10th November, 2010

 

The OECD has confirmed the six major ASEAN countries have rebounded from the global economic crisis.

The OECD has confirmed the six major ASEAN countries have rebounded from the global economic crisis.

The Organisation for Economic Cooperation and Development has said in its 2010 Southeast Asian Economic Outlook that average expected growth of 7.3 per cent this year, and six per cent over the next five years, gives Southeast Asian countries the opportunity to define new development objectives.

Vietnam is expected to post the highest average growth rate in the 2011-2015 period at 7.1 per cent, followed by Indonesia with 6.6 per cent, Malaysia 5.5 per cent, Thailand 5.2 per cent, Singapore 4.7 per cent, and the Philippines 4.6 per cent.

The OECD has encouraged Asian countries to diversify their exports and rethink past growth strategies.

BACK to margotbworldnews.com

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: