Economic growth slowed in many major Southeast Asian countries in the April-to-June quarter, as the conflict involving Iran weighed on consumption and production.<\/p>\n
Key economies in the region released their GDP growth figures by Monday.<\/p>\n
Singapore’s economy grew 5.9 percent from a year earlier. Indonesia expanded 5.2 percent, the Philippines 2.3 percent and Thailand 1.9 percent. All four economies continued to grow, but at a slower pace than in the previous quarter.<\/p>\n
The Philippines declared a national energy emergency in March following the escalation of tensions involving Iran. Consumer spending weakened amid rising prices and unemployment. The country’s quarterly growth was the slowest since 2021.<\/p>\n
Singapore’s economy was less affected by the situation in Iran than expected. But production slowed at chemical makers and other manufacturers because of disruptions to raw material supplies.<\/p>\n
The Middle East remains a key source of energy for Southeast Asia, and countries in the region are closely watching developments involving Iran.<\/p>\n
Meanwhile, Vietnam’s economy grew 8.3 percent and Malaysia’s expanded 6 percent, with both posting faster growth. Solid consumer spending helped support the expansions. Manufacturing was also strong, driven by booming demand for AI-related products and semiconductors.<\/p>\n","protected":false},"excerpt":{"rendered":"Economic growth slowed in many major Southeast Asian countries in the April-to-June quarter, as the conflict involving Iran…\n","protected":false},"author":2,"featured_media":75608,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[72,259,191,189,8,262,188,190,173,261,265,266,267,264,258,263,268,260,257],"class_list":["post-75607","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia","tag-biz","tag-economy","tag-economy-of-japan","tag-japan","tag-japan-broadcasting-corporation","tag-japans-economy","tag-japanese-economy","tag-news","tag-nhk","tag-nhk-world","tag-nhk-world-premium","tag-nhk-world-tv","tag-nhkworld","tag-nuclear","tag-public-broadcaster","tag-radio-japan","tag-tech","tag-world"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/75607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=75607"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/75607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/75608"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=75607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=75607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=75607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}