6 major Southeast Asian countries GDP US-China trade friction affected light and dark November 19 6:55
Six major Southeast Asian countries, GDP growth from July to September was strong in Vietnam, where production bases were moved from China, while exports to China were sluggish In Singapore and other countries, the level continues to be low, and the effects of trade friction between the United States and China are making a difference.
Among the six major Southeast Asian countries, the growth rate of GDP from July to September was 5.0% in Indonesia, the largest economy in the region.
Malaysia was up 4.4%, a decrease of 0.5% compared to the previous three months, Singapore was flat, plus 0.1%, and Thailand was slightly improved, up 2.4%, although it improved slightly.
In these countries, exports to China have been sluggish, and trade friction between the United States and China, and the accompanying slowdown in the global economy, has put a brake on the economy. On the other hand, Vietnam, whose production base has been relocated from China due to trade friction between the United States and China, increased by 7.3%, while the growth rate accelerated in the Philippines. Exceeded by 0.7%.
Long-term trade friction between the United States and China and the slowdown in the global economy are overall risk factors for Southeast Asian economies.