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p. 43 of 46 BACK | NEXT Moving the Poverty Reduction Agenda Forward: Priorities and Outcomes Strategic Priorities Crosscutting Strategic Themes Regional Perspectives East and Central Asia Mekong The Pacific South Asia Southeast Asia Indonesia Malaysia Philippines

Annual Report 2003 : Moving the Poverty Reduction Agenda Forward: Priorities and Outcomes

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Southeast Asia

GDP growth in the region which includes Indonesia, Malaysia, and Philippines, was robust despite earlier concerns that the SARS outbreak and international security would undermine the economy. The rebound in economic growth in key export markets in the US and Japan and continued strong growth in the PRC had a positive impact on regional performance. At the same time, while Malaysia’s growth rate moved to levels before the Asian financial crisis in 1997, Indonesia’s and the Philippines’ remained at the moderate levels of the previous 2 years.

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