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Emerging Asia activity will slow despite China rebound

Content type:: Expert Briefings
Location:: INTERNATIONAL
Keywords associated with this article:: Geographic: International AP Asia China ASEAN India Indonesia Malaysia Philippines Thailand Vietnam South-east Asia Europe United States

Topical: economy growth regional consumer fiscal foreign investment infrastructure invasion manufacturing monetary policy foreign trade debt energy prices tourism wages employment labour health banking capital flows food
ISSN:: 2633-304X
Citation:: Oxford Analytica (2023), "Emerging Asia activity will slow despite China rebound", Expert Briefings.
https://doi.org/10.1108/OXAN-DB278021

Wednesday, March 29, 2023

Significance

ASEAN's growth is nevertheless expected to outpace global growth, of which China and India are expected to contribute more than 50% -- India about 15% and China around 35%.

Impacts

China’s reopening aids regional activity, particularly in Malaysia, which is sensitive to Chinese growth, and tourism-reliant Thailand.
A slowing ASEAN will still remain an attractive option for foreign direct investment given its trade openness and US-Chinese frictions.
Oil demand forecasts for 2023 have been increased largely on China’s reopening, and with the supply side volatile, prices will remain firm.

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Significance

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