EMB
ASIA
is Emerging
Economic growth in China may be slowing, but that isn’t standing in the way of
a region on the rise. According to OECD forecasts, growth in emerging Asia will
remain at a healthy 6.2 percent over the next five years. Granted, this rate falls
below the 7 percent forecast for 2011-2013, but it presents a promising picture
nonetheless as other countries prepare to demonstrate their economic potential.
Recovery from the political turmoil of 2014 bodes well for growth in Thailand,
while Singapore’s enduring status as a global and regional business hub stands
the small island nation in good stead. For their part, Cambodia and Laos look
set to witness steady growth too, thanks to recovery in their agriculture sectors.
The OECD forecast looks particularly impressive for Brunei, though current
uncertainty surrounding oil prices may force the country’s economic outlook to
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