“As a result of strong domestic growth and the China +1 strategy, we are increasingly optimistic that Southeast Asia will outpace China's growth in both GDP and FDI in the next decade. However, multinational investments will be highly contested, with the competition between countries impro...
Southeast Asia’s economies remained resilientand delivered credible economic performance in the second quarter 2024.1GDP grew in all economies, with Malaysia, the Philippines, Thailand, and Vietnam recording the fastest rate of year-on-year (y-o-y) growth over the past four quarters. ...
Over the last three years, Southeast Asia was one of the few regions globally where the GDP growth didn't slow down from 2020 to 2022. According to statistics from S&P Global Market Intelligence, the World Bank, and Bain analysis (data as of August 2022), the GDP growth rate of Southeast...
China’s GDP Growth is Now Lagging the Rest of Asia Mapped: GDP per Capita in the Middle East by Country Mapped: Countries With the Longest Work Weeks Charted: The Number of Deaths Every Hour, by Country Ranked: The World’s 20 Largest Economies, by GDP (PPP) Charted: The Numbe...
A Singapore-based think tank has projected an average growth rate of 5.1% over the next decade for six key economies. Southeast Asia is likely to outpace China’s economic growth and inflow of foreign direct investments over the next ten years, a new study led by a Singapore-based think ...
Over the last three years, Southeast Asia was one of the few regions globally where the GDP growth didn't slow down from 2020 to 2022. According to statistics from S&P Global Market Intelligence, the World Bank, and Bain analysis (data as of August 2022), the GDP growth rate of Southeast...
“Singapore will continue to play a key role in the growth of Southeast Asia’s digital economy, leveraging its status as a business hub. With the digital economy projected to take the front seat in Singapore’s growth, more can be done to support the adoption of digitalisation in businesses...
GDP: Singapore’s economic growth has moderated at 0.5 percent y-o-y in the second quarter 2023 compared to 0.4 percent y-o-y growth in the first quarter. Consumption growth slowed from 9.6 percent in the fourth quarter 2022 to 5.9 percent in the first quarter 2023, while fixe...
Covering an area of 1.6 million square miles, it has a population of 600 million people. In 2022, total Gross Domestic Product (GDP) was US$ 900 billion. It has many ethnic groups who contribute to Southeast Asia's rich culture, language, religion, and cuisine.ASEAN Iron & Steel Journal...
The growth of Southeast Asia’s indigenous economies also offers a lucrative environment for foreign businesses, as also the sheer size of the regional population and workforce. ASEAN countries have a total population of 662 million people and a combined gross domestic product (GDP) of US$3.2 tri...