Southeast Asia's next growth cycle to be driven by 'Fabulous Five' – Economist
KUALA LUMPUR: Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be…
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Summary
Kuala Lumpur: Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam. The Philippines, with more than 115 million people, is powered by services, remittances and a young labour force, while Thailand’s population of more than 71 million sustains an established industrial, automotive and tourism platform. Shan said Vietnam recorded the fastest growth at 7.83 per cent year-on-year, followed by Indonesia at 5.61 per cent, while Malaysia expanded by 5.4 per cent, supported by resilient private consumption, trade and manufacturing momentum.
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Kuala Lumpur: Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam
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The Philippines, with more than 115 million people, is powered by services, remittances and a young labour force, while Thailand’s population of more than 71 million sustains an established industrial, automotive and tourism platform.
according to BernamaShan said Vietnam recorded the fastest growth at 7.83 per cent year-on-year, followed by Indonesia at 5.61 per cent, while Malaysia expanded by 5.4 per cent, supported by resilient private consumption, trade and manufacturing momentum.
according to Bernama
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