We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

East Asia Updates | August 2017

East Asia Updates | August 2017
1 September 2017
Lili Yan Ing, Jaysa Rafi Prana

Print Article:

Southeast Asia Grows by 5% in Q2-2017

The Southeast Asian economy expands 5% in Q2-2017, mainly driven by trade. However, a lower than expected consumption growth rate in Indonesia was a drag on gross domestic product (GDP) growth - despite an increase in government spending on infrastructure that aims to boost domestic demand, growth in the region's biggest economy has failed to accelerate.

On the monetary system front, the average inflation rate of Southeast Asia was 2.3% in June 2017 with lower price pressures in the Philippines, Malaysia, and Thailand, but higher than expected inflation in Indonesia due to rising energy commodity prices. Despite low inflationary pressure, rising interest rates in the United States (US) reduced space for most central banks in the Association of Southeast Asian Nations (ASEAN) to cut rates. In 2017, Southeast Asia's economy is expected to grow by 4.9%, as US protectionist policies and an expected slowdown in China have not yet materialised.

Download the August 2017 update.

Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Latest Articles

Online Public Service, Asia, Digital Economy
4 March 2024
Editor(s)/Author(s): Fukunari Kimura, Lurong Chen
(still under ISBN process and under review Chief Economist) The implications of digital[...]
trade, semiconductor trade, trade network, regional trade, COVID-19, ASEAN
23 February 2024
Editor(s)/Author(s): K.P. Prabheesh, C.T. Vidya
This paper examines the global semiconductor industry trade network[...]