2018 Economic Outlook for Southeast Asia, China and India 2018

Fostering Growth through Digitalisation

image of Economic Outlook for Southeast Asia, China and India 2018

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. Each 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 economic outlook and macroeconomic challenges in the region. The second part takes stock of recent progress made in key aspects of regional integration. The third part consists of a special thematic chapter addressing a major issue facing the region. The 2018 edition focuses on fostering growth through digitalisation. And the fourth part includes structural policy country notes offering country-specific reviews and recommendations.




OECD Development Centre

Growth in Emerging Asia – Southeast Asia, China and India – is projected to continue at a steady pace in 2017 relative to 2016. Growth in China and ASEAN is picking up thanks to a strong trade rebound and resilient domestic consumption, while India’s growth is expected to nudge downward as a result of taxation and monetary reforms. Over 2018-22, Emerging Asia as a whole is expected to grow by an average 6.3% per year on the assumption that trade momentum holds and domestic reforms continue. The ability of governments to deliver on infrastructure programmes will also be a crucial factor in medium-term growth. The most prominent risks to growth in the region are the possibility of a more rapid monetary policy normalisation in advanced economies; the rise in private-sector debt; and the expansion of trade restrictions globally, coupled with limited progress in regional trade agreements.


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