The performance of Gross Domestic Product (GDP) in Southeast Asia countries / Aiman Haziq Johari

The World Bank lowered its 2013 and 2014 economic growth forecasts for china and most of developing East Asia countries yesterday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt exports and investments in countries such as Indonesia”. (The Star, 2013). Gross Domestic Product (GDP) is the sum of gross value added by all resident producers in the economy. This economy outlook has been driven by both a strong government determination on driving economic development (in the 1970’s and 80’s) and an expansion in the private sector (in the 1990’s and 2000’s).