Sign up | Log in



Home  >>  Daily News  >>  ASEAN ANALYSIS


Asean Affairs  14 January 2011

World Bank’s 2011 economic outlook

By  David Swartzentruber

AseanAffairs     14 January 2011

Related Stories

January 13,2011
Phony goods still abound in Asean

January 12,2011
Cambodia, Laos share regional growth

January 11,2011
Asian economies cope with success

January 10,2011
Rallies start 2011 on a wary note in Thailand

January 9,2011

January 7,2011
Asian malnutrition

January 6,2011
Chinese presence in the Greater Mekong Sub-region

January 5,2011
Border blunders

The East Asia and Pacific region led the global recovery from the deepest recession since the 1930s over 2009 and 2010. The recovery was led by robust 10 percent GDP gains in China, where fiscal and monetary support measures contributed almost a percentage point to growth. For the Asean countries, Vietnam, Cambodia and smaller island economies, growth picked up sharply from 1.5 percent in 2009 to 6.8 percent in 2010, partly reflecting strong stimulus-related import demand from China. Overall, GDP of the developing East Asia and Pacific region increased 9.3 percent in 2010 up from a resilient 7.4 percent pace in 2009.

Among ASEAN economies, Indonesia was least affected by the global financial crisis and recession, in part given earlier reforms to its financial system as well as an export mix (commodities) less affected than manufactures by the falloff in OECD demand. By the first half of 2010 growth patterns had largely normalized with GDP advancing a strong 6.2 percent in the second quarter (year-on-year), largely driven by household consumption, which benefited from low inflation and better consumer confidence; and by private investment associated with improved growth prospects. In Thailand, despite an escalation of political crisis and the onset of global recession, the manufacturing sector helped the economy consolidate recovery.

However, following robust 15 percent growth in the first quarter , GDP declined in both the second and third quarters, as the political turmoil of April and May adversely affected tourism arrivals and services exports. Nonetheless Thailand is likely to have registered 7.5 percent growth in 2010 on the strength of its initial rebound. And in Malaysia the recovery was smoother, with government- household- and investment spending driving the rebound, but with net trade continuing to disappoint. In response to rising demand pressures, the central bank raised policy interest rates 75 basis points between March and July.



“On the upside, strong developing-country domestic demand growth is leading the world economy, yet persistent financial sector problems in some high-income countries are still a threat to growth and require urgent policy actions,” said Justin Yifu Lin, the World Bank’s chief economist and senior vice president for development economics.

Paul A. Ebeling, Jnr

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    14  January 2011 Subsribe Now !
• Ground broken for new Cambodian dam
Subcribe: Asean Affairs Global Magazine
• Indo rupiah heads down Asean Affairs Premium
• Coal prices, government policy, hit state utility
• Airlines may increase fuel surcharge
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Thai banks lift rates
• New line strains Thai Mitsubishi
• Hanoi banks target capital increase
• HCM City promises to help businesses
Asean Analysis    14 January 2011 Advertise Your Brand
• World Bank’s 2011 economic outlook Sponsor Our Events
Asean Stock Watch    14 January 2011
• ASEAN Market Outlook
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand