Connect with us

Asean

Which is Southeast Asia’s Newest Boom Economy ?

Yet no economy in Southeast Asia appears to be more immune to this year’s global economic slowdown. Laos is on track to post an impressive 8.3% growth rate in 2012,

Published

on

Pop quiz: Which country is likely to have the fastest-growing economy in Southeast Asia this year? Indonesia, the region’s emerging powerhouse? Myanmar, investors’ flavor of the month as it opens to the Western world? Or maybe Thailand, which is rebounding nicely from last year’s epic floods?

Wrong on all the above. The correct answer is Laos, which for years has been overlooked as too small, too complicated, and in many cases just too weird to merit serious attention from mainstream investors.

Yet no economy in Southeast Asia appears to be more immune to this year’s global economic slowdown. Laos is on track to post an impressive 8.3% growth rate in 2012, according to the International Monetary Fund, which would almost certainly put it at the top of the table for Southeast Asia given what’s happening elsewhere in the region.

Cambodia is on track to come in second with 6.5% growth, the IMF says, followed by Myanmar at 6.2%. Indonesia and Thailand are roughly in the same ballpark.

via Make Way for Southeast Asia’s Newest Boom Economy – Southeast Asia Real Time – WSJ.

Click to comment

Leave a Reply

Asean

One-stop SME information portal connecting ASEAN businesses and beyond

The ASEAN Access is a flagship initiative of the ACCMSME, spearheaded by the OSMEP, Thailand and supported by the Federal Government of Germany and the German Agency for International Cooperation (GIZ).

Published

on

 the ASEAN Coordinating Committee on Micro, Small, and Medium Enterprises (ACCMSME) launched ASEAN Access, a one-stop business information gateway for international-oriented businesses to expand their market outreach within the ASEAN and beyond.

(more…)
Continue Reading

Asean

ASEAN and EU conclude the world’s first bloc-to-bloc Air Transport Agreement

The AE CATA is the world’s first bloc-to-bloc air transport agreement and will bolster connectivity and economic development among the 37 member states of ASEAN and the EU.

Published

on

The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) and its Member States have concluded the negotiations on the ASEAN-EU Comprehensive Air Transport Agreement (AE CATA) at the Extraordinary ASEAN-EU Senior Transport Officials Meeting held virtually on June 2.

(more…)
Continue Reading
Wise

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,102 other subscribers

Recent