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2017 Economic Outlook for Southeast Asia, China and India 2017

Addressing Energy Challenges

image of Economic Outlook for Southeast Asia, China and India 2017

The Economic Outlook for Southeast Asia, China and India is a bi-annual publication on regional economic growth, development and regional integration in Emerging Asia. 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 China and India to fully reflect economic developments in the region. The 2017 edition of the Outlook comprises four main parts, each highlighting a particular dimension of recent economic developments in the region. The first part presents the regional economic monitor, depicting the near-term and medium-term economic outlooks, as well as macroeconomic and regional integration challenges in the region. The second part discusses the recent progress made in key aspects of regional integration. The third part presents this edition's special focus: addressing energy challenges and renewable energy development in particular. The fourth part includes structural policy country notes offering specific recommendations.

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Economic outlook and macroeconomic assessment for Emerging Asia

OECD Development Centre

The growth prospects of the Emerging Asian economies are expected to remain robust, though growth rates and trends will vary across the region. China’s growth will continue to slow but will remain strong, while India’s growth will remain high. The Philippines and Viet Nam will lead growth among the large ASEAN-5 economies. The lower-income CLM countries (Cambodia, Lao PDR and Myanmar) will continue their catch-up with the highest growth rates in ASEAN. Private consumption should continue to make a large contribution to growth. Despite largely favourable growth outlooks, policy makers in the region will need to pay careful attention to potentially important international and domestic downside risks associated with slowing export growth, persistent low interest rates in the advanced economies and sluggish productivity growth.

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