Exports, infrastructure drive Southeast Asia’s Q2 growth
Thailand sees fastest growth in four years; Vietnam, Philippines exceed 6%
Strong export growth and an infrastructure boom fueled Southeast Asian economic growth in the second quarter, reports Nikkei Asian Review.
Exports from Thailand to major countries in Asia’s supply chain, including China, South Korea and Japan, grew by 20% in the April-June quarter, helping boost GDP growth to 3.7%, the fastest pace in four years.
Vietnam and the Philippines both saw their economies expand by more than 6%, while Malaysia’s GDP grew by 5.8%.