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.
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Although growth outlook is mixed across Emerging Asia, the latest Asian Business Cycle Indicators (ABCIs) suggest signs of growth stabilisation for China and a more positive outlook for the Philippines and Singapore, while still weak growth prospects for India.
The results of medium-term projections in the Southeast Asian Economic Outlook are produced based on the OECD Development Centre Medium-term Projection Framework of the SAEO 2010 (MPF: SAEO 2010).
The Aid for Trade at a Glance 2009: Maintaining Momentum report presents the results of the second monitoring exercise of the Aid for Trade Initiative and documents its success so far.