East Asia Update - May 2017
Asia, Economic Research Institute for ASEAN and East | June 2017
Major Association of Southeast Asian Nations (ASEAN) countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Viet Nam) recorded an average growth of 4.5% in Q1-2017 (Table 1). In Q1 2017 growth of the ASEAN countries is generally driven by improvements in the external sector, as manifested through higher exports, robust manufacturing activity, and healthy private consumption. Furthermore, the increasing exports of Southeast Asian countries are also having a positive effect on their current account balances and international reserve levels (Table 1). These positive developments provide greater optimism regarding the structural reforms that are being undertaken in these countries and provide their governments with greater legitimacy to continue the reforms.
CitationAsia, Economic Research Institute for ASEAN and East. 2017. East Asia Update - May 2017. © Economic Research Institute for ASEAN and East Asia. http://hdl.handle.net/11540/7145.
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