For Southeast Asia, the slowdown of China’s economy may have a bigger economic impact than the British vote to leave the European Union.
China’s government reported the country’s economy expanded at 6.7 percent in the first three months of this year. That is high compared to many countries. However, it is the lowest increase of its Gross Domestic Product, or GDP, since early 2009. GDP is a measure of the monetary value of all goods and services produced in a country.
Joseph Incalcaterra is an economist with the British bank HSBC.
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