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Southeast Asian Economic Outlook 2011/12

image of Southeast Asian Economic Outlook 2011/12

This edition of the Southeast Asian Economic Outlook examines the macroeconomic situation, policies and medium-term growth prospects for countries in the region; structural challenges; green growth strategies, policies and institutions; and environmental taxes. It finds that growth for the region will moderate in the near term but solid growth performance will continue until 2016. To sustain this favourable outlook, countries need to meet considerable structural challenges. Green growth offers an alternative growth strategy in the long term.

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Preface

OECD Development Centre

There is “no decoupling” for Southeast Asia from the global economic slowdown. A marked deterioration in confidence and continued financial market turmoil will have an impact on the region's growth prospect. The effect of such negative spillover is different from one country to another. Nonetheless, the overall growth impetus will remain robust, underpinned by the strength of domestic demand thanks to large-scale investments in infrastructure and buoyant private consumption. As stated in this second edition of the Southeast Asian Economic Outlook (SAEO), the nature of growth is changing and the region will rely increasingly on domestic drivers to improve economic resilience in the medium term.

English

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