ASEAN economies forecast to grow 7% in 2017

The economies of the 10 ASEAN member nations are expected to remain its growth of up to 7% in 2017 with Indonesia and the Philippines being the top runners thanks to domestically-sourced products and preferential export policy.

The Jakarta Post quoted Anna Marrs, Standard Chartered's regional CEO for ASEAN and South Asia, as saying that exports have boosted ASEAN members' economic growth in the past 3 decades. ASEAN intra-regional trade will maintain its growing trend, accounting for about a quarter of the bloc's total trade. Increasing purchasing demand will remain ASEAN as an attractive destination for businesses.

Experts predict that investment will continue pouring into ASEAN and South Asia.

Source: VOV5