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Introduction

Economic growth in Southeast Asia was estimated at 6.1 per cent year on year compared with 6 per cent in 2006. This was due to better performance in Philippines, Indonesia and Malaysia while Vietnam sustained its impressive performance of 2006. Further, Singapore exceeded earlier expectations by growing only marginally slower than in 2006. Stronger than expected domestic demand and higher remittances for some countries contributed to the robust performance of Southeast Asian economies though exports also continued to play an important role. Yet, there were also growing concerns about the underlying competitiveness of some countries to meet longer-term economic challenges, with issues of ...

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