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Economic Outlook for Southeast Asia, China and India 2016

Enhancing Regional Ties

image of Economic Outlook for Southeast Asia, China and India 2016

The annual Economic Outlook for Southeast Asia, China and India examines Asia’s regional economic growth, development and regional integration process. It focuses on the economic conditions of Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. It also addresses relevant economic issues in People’s Republic of China and India to fully reflect economic developments in the region. The 2016 edition of the Economic Outlook for Southeast Asia, China and India comprises three 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 “enhancing regional ties”, which is the special thematic focus of this edition. The third part includes structural policy country notes.

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Economic outlook and assessments on macroeconomic and structural reforms in Emerging Asia

OECD Development Centre

Growth in Emerging Asia will remain fairly robust, but look set to moderate somewhat in the medium term. Slowing or stable growth is forecast for most of the ASEAN-5 countries, though Thailand is expected to recover from recent sluggish growth and decline. Growth will also recover in Brunei Darussalam but will slow slightly in Singapore. The CLM countries will continue to be among the fastest-growing in the region. China’s growth is expected to continue to slow as India’s economy continues its strong performance. Consumption will become more important to growth in much of Emerging Asia, leading to narrower current account surpluses in China and the ASEAN-5. Fiscal balances will remain mostly stable. External and domestic risks are still facing the region and could negatively affect future growth. China’s slowdown, US monetary policy normalisation and slow productivity growth are particularly important challenges. Addressing these issues and continuing to deepen regional integration will be critical in ensuring continued growth.

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