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Economic Outlook for Southeast Asia, China and India 2015

Strengthening Institutional Capacity

image of Economic Outlook for Southeast Asia, China and India 2015

The Economic Outlook for Southeast Asia, China and India is an annual publication on Asia’s regional economic growth, development and regional integration process. It focuses on the economic conditions of the Association of Southeast Asian Nations (ASEAN) member countries  – Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam –, and also addresses relevant economic issues in China and India to fully reflect economic developments in the region. The Outlook provides an annual update of regional economic trends and policy challenges, and a thematic focus which is specific to each volume. The 2015 edition of the Economic Outlook for Southeast Asia, China and India comprises two main parts, each highlighting a particular dimension of recent economic developments in the region. The first part presents the regional economic monitor, depicting the medium-term economic outlook and macroeconomic challenges in the region. The second part consists of three chapters on “institutional capacity”, which is the special thematic focus of this edition.

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Editorial

OECD Development Centre

Growth in Emerging Asia – Southeast Asia, China and India – is expected, in general, to remain strong over the medium term as these economies continue to shift from a reliance on exports to a broader base of new growth drivers. This rebalancing will boost consumption and investment and is helping the region to adjust to changing international conditions. While monetary policy normalisation in the United States has some worried, other risks persist. The prospect of continued slowing growth in China and the advanced economies, along with increased competition in export manufacturing among emerging economies, poses a serious threat to the export-led growth model. The implementation of “Abenomics” reforms will also be felt in the region’s economies with close trade and investment links to Japan.

English

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