ASEAN Economies: Growth has slowed, Improvement is slower than expected
Figure 22: GDP growth rate in ASEAN member economic in constant prices, 1998–2013* (y-o-y, in %)
ASEAN economies continue to show slower economic growth until the end of the year amidst persisting global economic uncertainty 
Source: IMF, CEIC (2013)
*= quarter III-2013
As the year 2013, comes to an end, economic growth of Association of South East Asian Nations (ASEAN) member nations show lower than expected. Economic growth of key economies in the region has yet to show remarkable stability or overall economic growth. Indonesia, the Philippines and Thailand are the key countries in the region which registered lower economic growth in quarter III-2013 than in quarter II-2013 (y-o-y). In the meantime, Malaysia, Singapore and Viet Nam are the key countries in the region which succeeded in achieving higher economic growth in quarter III-2013 than in the previous quarter.. Countries that registered significantly lower economic growth in quarter III-2013 than in the quarter II-2013 included Thailand (2.2% to 1.3%), followed by the Philippines (7.5% to 7.0%) and Indonesia (5.8% to 5.6%). In the meantime, key countries in the region that registered improvement in economic growth in terms of quarters were Singapore (3.8% to 5.1%), Malaysia (4.4% to 5.0%) and Viet Nam (5.0% to 5.5%).