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1) The global financial crisis negatively impacted ASEAN economies through decreased exports, with Thailand particularly hard hit due to its large export sector. 2) Thailand and Indonesia implemented fiscal stimulus packages including increased spending and lower interest rates to counter the crisis and support domestic demand. 3) Fiscal deficits increased substantially in ASEAN countries to fund stimulus measures, reaching over 10% of GDP in Vietnam and over 5% in Malaysia. Sound fiscal policies helped

Author

Mohammad Amri Mustafa

Language

EN