29 Nov '11, 7am

Southeast Asian growth "to slow through 2016"

Southeast Asian growth "to slow through 2016"

JAKARTA: Growth in Southeast Asia's six major economies is expected to slow through 2016, the OECD said Tuesday, urging them to find new growth drivers as the key US and European export markets are in a crisis. In its outlook for the region, the Organisation for Economic Co-operation and Development said domestic demand would become a more important element of growth as the developed world struggles to recover from the global downturn. It said the six key economies of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam would grow "five percent in 2011, and... 5.6 percent during 2012-2016, two percent lower than in 2010". The forecast comes after the Paris-based group warned on Monday that leading economies were in danger of sinking into a fresh recession or even a depression as leaders in Europe and the United States struggle to address huge debt troubles...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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