29 Nov '11, 10pm

Indonesia to lead 'robust' South-east Asia growth: OECD - TODAYonline

JAKARTA - South-east Asia will experience "robust" growth over the next five years, led by Indonesia, as the region's increasing reliance on domestic demand to drive expansion buffers it from global downturns, the Organisation of Economic Cooperation and Development (OECD) said yesterday. Gross domestic product in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will expand an average 5.6 per cent from next year to 2016, the OECD said in a report on South-east Asia's economic outlook. "The regional economy will rely more on domestic demand, thereby increasing economic resilience to external shocks," the OECD said. Still, "the region needs to be vigilant over economic management against the background of continued global uncertainties and natural disasters", it said. Asia's policy-makers are increasing efforts to defend their domestic economies from a p...

Full article: http://www.todayonline.com/Business/EDC111130-0000075/Ind...

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