Asia Pacific economic outlook - September 2009
The September 2009 edition of the Asia Pacific economic outlook gives a near-term outlook for China, Japan, South Korea, and Thailand.
- China – China remains the main hope for the world economy to recover from the current slump, and it is likely to deliver substantially with growth expected to accelerate in the second quarter.
- Japan – A delicate and level growth trajectory for the next two quarters is in the cards unless the major economies of the world fall back into another trough.
- South Korea – South Korea seems to be well on the path to economic recovery and sustained improvement in GDP even if the extraordinarily good second quarter performance is not sustained at the same pace.
- Thailand – Thailand mirrored Korea’s growth performance of 2.3 percent (QoQ) in the second quarter. Barring major political turmoil, the economy appears to be stabilizing from the lows of the last quarter of 2008.
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