Exports, infrastructure drive Southeast Asia’s Q2 growth

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Cargo ships are loaded with containers as they are docked at the port near Chao Phraya river in Bangkok. Photo: Reuters/Athit Perawongmetha

Strong export growth and an infrastructure boom fueled Southeast Asian economic growth in the second quarter, reports Nikkei Asian Review.

Exports from Thailand to major countries in Asia’s supply chain, including China, South Korea and Japan, grew by 20% in the April-June quarter, helping boost GDP growth to 3.7%, the fastest pace in four years.

Vietnam and the Philippines both saw their economies expand by more than 6%, while Malaysia’s GDP grew by 5.8%.

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