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In 2022, Malaysia’s real gross domestic product (GDP) grew by 8.7 percent. In comparison, Brunei experienced a negative GDP growth of 1.5 percent that year. In contrast to GDP growth rates for East Asia, Southeast Asian countries’ annual GDP growth rates increased in 2022, except for Singapore.
Southeast Asia, a tapestry of economic and cultural complexity
Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises 11 countries in total. While Singapore is a highly…