Tracking The World Economy, ASEAN Economies And The Semiconductor Cycle

Economic Research	18 January 2017
Global News
Economic Update
Tracking The World Economy, ASEAN Economies And The Semiconductor Cycle Global growth outlook improving though major economies are still struggling to sustain growth US economy buoyed by Trump’s pledge for infrastructure spending, but may be offset by stronger USD and faster rate hikes Eurozone: Economy improving gradually, but downside risks remain Japan: Economy given breathing space on the back of weakening JPY China: Stabilising in the near term, but challenges remain Indonesia: Prospect for a modest pick-up in economic growth Malaysia: Stronger economic activities seen in 2H16, but external challenges still pose a risk ahead Philippines: Growth to remain resilient in 2017 Singapore: Outlook still challenging despite strong end to 2016 Thailand: Case for higher private investments remain strong Global semiconductor industry gains strength on expectations of stronger US economic outlook Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Ng Kee Chou | +603 92802179 Economist:  Rizki Fajar  | +6221 2970 7207 Economist:  Zhang Fan| +8621 6288 9611 ext 105 Economist: Aris Nazman Maslan| +603 9280 2184