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Thursday, January 3, 2013

East Asia and the Pacific and the ASEAN-5 (the Philippines, Indonesia, Malaysia, Thailand, and Vietnam) are still being expected to support growth in Asia

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East Asia and the Pacific and the ASEAN-5 (the Philippines, Indonesia, Malaysia, Thailand, and Vietnam) are still being expected to support growth in Asia



East Asia and the Pacific and the ASEAN-5 (the Philippines, Indonesia, Malaysia, Thailand, and Vietnam) are still being expected to support growth in Asia as well as buffer the effects of the global crisis mouth.

"China, India, and Indonesia is still a` agent `catalyst for economic growth in Asia," said Executive Director Dr. Efokus Study Circle. Rizal E. Halim in Depok on Thursday.

He said Asia, particularly emerging Asia continues to show resilience pascatahun 2008. The rate of Asian economies in 2012 was in the range of 5.8 to 6, 0 percent is not much different from 2011, which grew by 5.9 percent.

"Asia's economic growth rate is sustained, particularly the China-India and ASEAN-5 which in aggregate grew in the range of 6.4 to 6, 6 percent or slowed down compared to 2011 (7.2 percent) and 2010 (9.1 percent) , "said economics doctoral graduate of the University of Indonesia.

He said that the global slowdown that occurred during 2011 - 2012 also gives effect to the economic slowdown in Asia, particularly China which is only capable of the 7.6 - 7, 8 percent, and India's growing range of 6.0 to 6, 2 percent in 2012 or slowed down compared to 2011 (China 9.2 percent and India 6.5 percent).

It is said, projections 2013, Asian economies will grow in the range of 5.9 to 6, 3 percent. Most of them contributed by emerging Asia, such as China, India, Indonesia, and Thailand.

"Emerging Asia alone will grow around 6.5 - 6, 9 percent in 2013," he said.

He further said, in addition to domestic consumption and investment flows into emerging Asia large, fiscal stimulus in China will also be a catalyst for Asian economies in 2013.

"In Indonesia, the development of infrastructure projects in addition to investment and consumption will sustain economic growth in the region," he said.

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