Asia´s 2017 Economic Growth
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East and South Asian economies are forecast to see continued growth in 2017, despite some domestic and global headwinds, led by China, India, Malaysia and Indonesia whose GDP is projected to increase between 4.4-7.3% according to the FocusEconomics Consensus. Strong external demand and robust sectors like tourism are supporting ASEAN countries' economies in the near term, while healthy macroeconomic fundamentals also underpin growth across the region.
Asia´s 2017 Economic Growth
- 1. FocusEconomics Consensus ASEAN and East & South Asia, May 2017 edition Australia Korea Taiwan China India Malaysia Indonesia Thailand ASIA’S 2017 ECONOMIC OUTLOOK Will Asian Economies Continue to Defy Domestic and Global Headwinds? Highlights 6.5% 5.2% 3.3% 1.9% 2.4% 4.4% 7.3% GDP Forecasts for 2017, (annual variation in %) East & South Asia is strongly benefiting from a pick-up in global growth and healthy economic dynamics in China and India. Stronger external demand, a dynamic tourism sector and healthy macroeconomic fundamentals support ASEAN’s economic growth in the coming quarters New Zealand 3.0% 2.5%