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NEWS UPDATES Asean Affairs   28 November 2013  

Indonesia's Q4 GDP growth to be lowest in 4 years-president

JAKARTA: Indonesia's president said on Wednesday the economy is expected to grow 5 percent year-on-year in the fourth quarter if the U.S. Federal Reserve starts trimming its massive stimulus programme, the slowest pace in more than four years.

Gross domestic product (GDP) in the G20 economy expanded by 5.62 percent in the previous quarter. Five percent growth would be the lowest since the third quarter of 2009.

"America will have a decision on tapering off, thus there will be a slowdown. The rupiah will depreciate and capital will return to its home," President Susilo Bambang Yudhoyono said at a business conference.

Bank Indonesia estimates the economy will grow 5.5-5.9 percent this year.

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This year in Thailand-what next?

AseanAffairs   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






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