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The global recession that began in late 2008 slowed economies in the US and Western Europe, reducing their demand for exports from Asia. This impacted Asian economies that rely on manufacturing for exports. Countries like Thailand, Singapore, and Malaysia fell into recession. China and South Korea experienced their worst economic growth in decades. However, Indonesia emerged as one of the stronger performers among G20 countries, with GDP growth of 4.5% in 2009, avoiding a financial crisis experienced in oth

Author

10delpi

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EN