HALISTER1: India Seen as Bright Spot in Asia by MAS; Asean Growth to Slow

India Seen as Bright Spot in Asia by MAS; Asean Growth to Slow

(Bloomberg) -- India’s economy will remain on a modest expansion path, despite a weak external environment, with economic activity driven by private consumption, Monetary Authority of Singapore says in its biannual Macroeconomic Review published Wednesday.
  • Economic growth in the Asean-4 region is expected to ease further this year given the downbeat global outlook and slowing domestic demand in some economies
    • Increased government outlays on infrastructure will provide some support in near term
    • Malaysia and Thailand will be most affected by continued softness in external demand and exposure to China’s slowing economy
    • Indonesia and Philippines face firmer growth prospects, with domestic demand underpinned by improving consumer and investor sentiments
    • Monetary easing undertaken by Indonesia early this year will support economic activity while growth in Philippines will be bolstered by additional fiscal expenditures ahead of presidential election
  • See MAS’s full review here
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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