Chinas slowdown to moderate growth in Emerging Asia
Jayarama Emani | The Dollar Business “Growth in Emerging Asia – South East Asia, China and India – is expected, in general, to remain strong over the medium term as these economies continue to shift from a reliance on exports to a broader base of new growth drivers. The Gross Domestic Product (GDP) growth in the region is forecast to average 6.5% per year over 2015-19”, said the Organisation for Economic Cooperation and Development (OECD) in its report on “Economic Outlook for South East Asia, China and India 2015.” However, the growth in Emerging Asia will moderate gradually due to the slowdown in China. For the 10 ASEAN countries as a whole, growth momentum remains robust and broadly similar ...
