Strong domestic demand kept the wheels of the Thai economy turning in 2012 while also helping to cushion the impact of global uncertainty on exports.
Asia Economy
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Economic update | Thailand: Year in Review 2012
15 Jan 2013
While overall growth in Brunei Darussalam’s economy slowed in 2012, expansion in the non-oil and gas sector suggested that some of the Sultanate’s diversification efforts are gaining traction and should pave the way for government plans to target value-added production.
After another year of strong economic performance, Papua New Guinea (PNG) is brimming with confidence. The 2013 budget, announced in November and valued at PGK13bn ($6.2bn), is PNG’s largest-ever budget and one which the government is borrowing more than $1bn to fund.
Economic update | Mongolia: Year in Review 2012
4 Jan 2013
While Mongolia can look back on a year that began with high expectations for a steady rise in mining-generated wealth, reports of slowing growth and concerns among investors about the risk of resource nationalism cast a shadow over the second half of 2012.
Economic update | Malaysia: Year in Review 2012
21 Dec 2012
It has been another year of good growth for Malaysia, even as the international economic climate has been uncertain. Strong domestic demand, government investment, greater diversification and regional resilience have all played their part.
Economic update | Sabah: Year in Review 2012
19 Dec 2012
Solid investment figures and praise for the state’s financial management have been among the highlights in a year that has seen stable economic growth for Sabah. The focus will now shift to ensuring that budget programmes designed to build on those achievements are implemented properly.