While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.
Press Conference for the Economic Outlook for Southeast Asia, China and India: Beyond Middle-income Trap 2014. Tuesday, 8 October 2013, Brunei (3:00 pm).
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Overall, the strong recovery experienced in ASEAN economies in the first half of 2010 is gradually losing momentum.Nonetheless, the picture varies across Southeast Asian countries.