The outlook for Southeast Asian markets is positive in the future despite uncertainty over interest rate.
Expansion of the middle income group, urbanisation and a rise in production could create a positive impact on to the region’s economies, especially Indonesia and the Philippines , according to a report from Goldman Sachs Asset Management.
However, it remains cautious on Malaysia and Thailand as household consumption is seeing a downward trend.
An optimistic forecast was given to Singapore , but the country needs to be cautious because its government’s restructuring could drag the economy down.-VNA
