Philippine Economy Tops Medium-Term Forecast for Asean-5

The 2015 edition of the economic outlook stated that growth momentum for the 10 Asean countries remains robust and will average 5.6% in the next five years

The OECD Economic Outlook for Southeast Asia, China and Japan showed that the Philippine economy has the best growth forecast among the Asean-5 countries for the medium term with 6.2% growth.

The 2015 edition of the economic outlook stated that growth momentum for the 10 Asean countries remains robust and will average 5.6% in the next five years.

Following the Philippines are Indonesia (6%), Vietnam (5.7%), Malaysia (5.6%) and Thailand (4.1%). The OECD Economic Outlook is an annual publication on Asia’s regional economic growth.

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This is the first time since the outlook was published in 2010 that the Philippines has been given the best growth forecast.

The OECD Economic Outlook is an annual publication on Asia’s regional economic growth, development and regional integration process.

It focuses on the economic conditions of the Asean member countries as well as the relevant economic issues in China and India in order to fully reflect economic developments in the region.

China, the second-largest economy in the world, was forecast to register growth of 6.8 percent in the medium term (2015-20019). – BusinessNewsAsia.com

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