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ASEAN to grow 5 per cent in 2017

ASEAN to grow 5 per cent in 2017


Asia Pacific economies are experiencing growth and will continue to do so heading into the new year with stable inflation and a low risk of macro surprises from China, according to report by S&P Global.

The firm also reported that overall economic growth for Southeast Asia is forecast at five per cent in 2017 and 2018 as countries in the region are expected to continue to enjoy dynamic domestic activities. Demand for electronics is also boosting countries with links to the global electronics supply chain. While geopolitical risks in Asia Pacific remain, they are not expected to affect economic growth.

However, according to World Bank, growth in the region is expected to instead slow to 6.2 per cent in 2018 from 6.4 per cent this year.