Friday, December 19, 2008

Asia Forecast Econiomic Growth in 2009

Collected of the journal about economic growth 2009 forcast around Asia from many website.
We can see sketchily movement of each country from the data make me preparing the plan to invest in next year.

Japan forecast zero growth
forecast zero growth for the year to March 2010For the year to March 2009, the government now forecasts the nation's GDP to shrink a real 0.8 per cent, reversing its earlier estimate of 1.3 per cent growth.


less than expected in China's nextyear
China's economy is expected to grow by 10 percent in 2009,forecasted China's economic growth would accelerate largely at the second half of next year.BBC report about China's economy will grow by less than expected in next year, from last articles we can see the expects Car's sales in China.
A few months ago, before the global financial crisis, it predicted the Chinese economy would grow by about 9% After the financial crisis China's economy is expected to grow by 7.5% in 2009

Thai economic growth 0.2-0.5%
IMF cuts Thai economic growth 0.2-0.5% for 2008 & 2009
It predicted Asian economic growth will slow from last year’s 7% to 6% before a recovery begins in late 2009 when IMF pegged Asia’s overall GDP at 4.9%.
For Thailand, it has slashed this year’s expected economic growth rate from 4.7% to 4.5%.

Singapore GDP contracted by 0.6%
economy could contract in 2009, after weaker than expected third-quarter GDP figures
Next year, the city-state expects its GDP to range between a contraction of 1.0 per cent and growth of 2.0 per cent
Singapore's Ministry of Trade and Industry (MTI) said Singapore's GDP contracted by 0.6 per cent in year-on-year terms.

3% in Korea
Yahoo News and The Korea Heraldreport about 2009 economic growth slowing and The Samsung Economic Research Institute forecast a 3.2 per cent GDP growth for next year

Indonesian economic growth forecast at 6.2%
ANTARA News report, Indonesian President ANTARA News report, Indonesian President Susilo Bambang Yudhoyono unveiled Friday a draft state budget for the fiscal year 2009, forecasting economic growth of 6.2 per cent.

Malaysia expects 2009 economic growth of 5-6 pct
Malaysia's central bank has forecast growth of 5 to 6 percent this year, from a three-year high of 6.3 percent in 2007

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