South East Asia to experience robust growth

South East Asia will experience robust growth in the coming five years, with Indonesia in the lead, fuelled by its increasing reliance on domestic demand to drive expansion buffers it from global downturn, the OECD said.

Based on a report on South East Asia’s economic outlook, gross domestic products in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will expand an average 5.6 per cent from 2012 to 2016.

Though relying on domestic demands will reduce risks of external shocks, the OECD urged them to remain vigilant over economic management against the downturn of events such as natural disasters and continued global uncertainties.

Asia’s policy makers are increasing efforts to defend their domestic economies from a possible recession that might aggravate faltering demand for the region’s exports. Indonesia cut its benchmark interest rate this month to a record low, and deadly floods in Thailand and storms in the Philippines have further dampened growth, adding pressure to ease borrowing costs.



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South East Asia will experience robust growth in the coming five years, with Indonesia in the lead, fuelled by its increasing reliance on domestic demand to drive expansion buffers it from global downturn, the OECD said. Based on a report on South East Asia’s economic outlook, gross domestic products in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will expand an average 5.6 per cent from 2012 to 2016. Though relying on domestic demands will reduce risks of external shocks, the OECD urged them to remain vigilant over economic management against the downturn of events such as natural disasters and...

South East Asia will experience robust growth in the coming five years, with Indonesia in the lead, fuelled by its increasing reliance on domestic demand to drive expansion buffers it from global downturn, the OECD said.

Based on a report on South East Asia’s economic outlook, gross domestic products in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will expand an average 5.6 per cent from 2012 to 2016.

Though relying on domestic demands will reduce risks of external shocks, the OECD urged them to remain vigilant over economic management against the downturn of events such as natural disasters and continued global uncertainties.

Asia’s policy makers are increasing efforts to defend their domestic economies from a possible recession that might aggravate faltering demand for the region’s exports. Indonesia cut its benchmark interest rate this month to a record low, and deadly floods in Thailand and storms in the Philippines have further dampened growth, adding pressure to ease borrowing costs.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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