Real Gross Domestic Product (GDP) growth rates for 2022 in six major Southeast Asian countries have been released by the 20th. Each country maintained positive growth following the previous year due to the easing of restrictions on behavior associated with the novel coronavirus and the recovery in personal consumption. Four countries – Malaysia, Vietnam, Indonesia and the Philippines – saw record growth.
A recovery in tourism and exports helped. Malaysia recorded an increase of 8.7% from the previous year, the first growth rate in 22 years since 2000. It was the highest growth rate among the six major countries.
Vietnam also increased by 8.0%, the highest growth rate since 1997. Consumption recovered due to the easing of restrictions on movement, the agriculture, forestry and fisheries industries grew steadily, and exports also performed well.
source: dailysunny
