How Are You In Q1 2009?

Posted on May 16th, 2009 at 2:55 pm by Akhyari


I watched Channel Newsasia last nite and found a relieving news that Indonesia’s economy (still) grows 4.4% Jan-March 2009. This is the worst growth in the last 5 years. Well, this is quite shocking because :
- Once economists predicted that Indonesia’s economy would dip below zero in the first quarter.
- Indonesia neighbors’ economies shrink, below zero.

Singapore’s GDP shrinks 11.5% in first quarter 2009, the worst drop since its independence in 1965.
Thailand’s GDP dips 6.1% in the first quater due to the political blows and other domestic issue such as the bad treatment to the rohingya refugees which was very likely to put its fragile reputation at riskier stage.

Malaysia’s economy, Southeast Asian 3rd biggest economy, contracts 3.5% in Q1 due to the sharp fall of export. Singapore, Malaysia, and Thailand are the most export-driven economy among Southeast Asian countries.
While Hong Kong’s shrinks 4.3%, South Korea and Japan probably now see the worst contraction since their independence.

I personally hope that those economy will rebound soon.

Pic taken from here.

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