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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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Editorial

OECD Development Centre

Growth in Emerging Asia (Southeast Asia, China and India) is expected to moderate over the medium term but still remain robust, backed by solid macroeconomic fundamentals and domestic demand. GDP growth in the region is forecast to average 6.2% per year over 2016-20. However, several downside risks require careful attention. The effects of a growth slowdown in China are likely to be felt in economies in the region through trade and investment channels. Lower productivity growth risks damaging confidence and impeding recovery from the global slowdown. The prospect of monetary normalisation in the United States may also create negative impacts on the countries in the region.

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