Slower Economic Growth In 2H 2016 Amid Rising Global Uncertainties

Economic Research	30 June 2016
ASEAN
Economic Outlook
Slower Economic Growth In 2H 2016 Amid Rising Global Uncertainties Without a domino effect, the Brexit’s impact alone will likely be significant in UK and Europe but manageable for the global economy, in our view. We believe ASEAN-5 countries’ economic growth will likely be cushioned by infrastructure and more inclusive budget spending. As a whole, we expect ASEAN-5’s real GDP growth to grow at a more moderate pace of 4.1% y-o-y in 2H 2016, compared with +4.2% estimated for 1H. For the full year, ASEAN-5’s real GDP growth will likely be sustained at 4.1% in 2016, the same pace as in 2015. Economist:  Peck Boon Soon  | +603 9280 2163
To access our recent reports please click on the links below: 31 March 2016: Subdued Economic Growth Given Challenging External Environment 18 December 2015: Improving Prospects With Domestic Demand Anchoring The Growth 30 September 2015: Prospects Remain Challenging Though Growth Will Likely Improve In 2016 30 June 2015: Modest Improvement In Growth In 2H 2015 Amid Exchange Rates Volatility   31 March 2015: Stronger Growth Amid Easing Inflation Pressure