Southeast Asia will continue to register slow but sustainable growth rates in the remaining months of the year, according to forecasts in a recent report.
The report released by the Asia Development Bank (ADB) said that growth outlook of five giant ASEAN economies was revised down to 5.2 percent in 2013 and to 5.6 percent in 2014.
ASEAN nations have implemented strategies to spur their economies and consolidate their commercial ties with global trade partners.
However, the economic growth rate of some Southeast Asian nations will fall into the “buffer zone” due to the slow development of emerging economies.-VNA
The report released by the Asia Development Bank (ADB) said that growth outlook of five giant ASEAN economies was revised down to 5.2 percent in 2013 and to 5.6 percent in 2014.
ASEAN nations have implemented strategies to spur their economies and consolidate their commercial ties with global trade partners.
However, the economic growth rate of some Southeast Asian nations will fall into the “buffer zone” due to the slow development of emerging economies.-VNA
