Selangor, the centre-point that integrates ASEAN towards a stronger economy.
A recent United Nations report on the World Economic Situation Prospect 2018 highlighted that global economic growth in 2017 was estimated to have reached 3.0 per cent, a significant acceleration compared to growth of just 2.4 per cent in 2016. Policy changes, subsiding financial crises and rise in the labour market are all strong contributors in the improvement of the global economic landscape.
As the global economic situation recovers from challenges over the last decade, economic growth is expected to remain steady in 2018 – further regaining its strength as lingering fragilities related to the global financial crisis continue to steadily subside.
The report also showcases a favourable growth outlook for the ASEAN economy. Underpinned by robust domestic demand conditions, I am excited to witness ASEAN’s continued growth in the global economic landscape.
Together, ASEAN’s integrated market form an economic powerhouse
ASEAN, as we know it, is an integration of 10 Southeast Asian countries, of which its members collectively form the sixth-largest economy in the world – and predicted to grow to become the fourth-largest market by 2050. With a total population of approximately 626 million people, targeting ASEAN is a logical and practical move for businesses. Even in the wake of global economic recovery, the region still remains resilient, with a projected Gross Domestic Product (GDP) growth of 5.1% this year – and remain stable at a 5.1% rise in 2019.
Denne historien er fra August 2018-utgaven av Business Today Malaysia.
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Denne historien er fra August 2018-utgaven av Business Today Malaysia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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