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Overall growth in Southeast Asia to expected to reach 5.3 percent in 2012 and 5.5 percent in 2013. The top five regional economies
-- Indonesia, Singapore, Malaysia, Thailand, the Philippines -- will continue to grow at 5.9 percent this year and 5.8 percent in 2013. Domestic demand driven by private consumption and private and public investment is boosting Malaysia's economy. In the Philippines, the GDP growth beat expectations after accelerating to 7.1 percent in the third quarter, compared with 3.2 percent in the same period last year. The bank said Thailand is expecting a strong rebound in the fourth quarter after last year's floods.
[Associated
Press;
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