Economic Outlook for Southeast Asia, China and India 2019 – Update
Responding to Environmental Hazards in Cities
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 update of the Outlook 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 economic outlook and macroeconomic challenges in the region. The second and third parts consist of special thematic chapters addressing a major issue facing the region. This update focuses on smart cities, discussing in particular smart city strategies and urban environmental risks.
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Macroeconomic assessment and economic outlook
Economic growth shows signs of slowing in Emerging Asia – Southeast Asia, China and India. Trade tensions underpin the weakening economic performance. However, domestic private consumption is holding up well. Gross domestic product (GDP) growth rates are expected to remain encouraging overall. In the near term, Cambodia, Lao PDR and Myanmar will likely continue to lead ASEAN in terms of growth, and Viet Nam is on track to lead the ASEAN-5. In China, moderation of GDP growth will persist at a gradual rate. In contrast, India’s economy will expand more briskly.
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