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Image header Agence Europe
Europe Daily Bulletin No. 10744
Contents Publication in full By article 29 / 29
BUSINESS NEWS NO 42 / (ae) economy

Good outlook for countries of South-East Asia. - The young age of the population, domestic demand and investment policies that are often ambitious are the major attributes in the hands of countries in South-East Asia - attributes which will enable them to grow until 2017 and be less dependent on their exports, a recent report by the OECD states. The growth of the ten ASEAN countries (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, Cambodia, Laos, Burma and Vietnam) should reach an average of 5.5% over the course of 2013-2017. These hypotheses are all the more plausible as a middle class is emerging that enjoys consumption (especially cars) and investment (in property). Between 2013 and 2017 for example, Indonesia (230 million inhabitants) should see its GDP grow by 6.4% on average, and the Philippines by 5.5%. The emerging Asia - which includes China, India and ten ASEAN countries - should record an average growth of 7.4% while seeing gradual fall-off due to the slowdown in China. (IL/transl.fl)

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ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
BUSINESS NEWS NO 42