Malaysia’s economy remains resilient despite the ongoing fiscal consolidation and various external headwinds such as the slowdown of the global electronics cycle, lower crude oil prices, and the U.S.-China trade tension.
Vietnam’s economy grew strongly at 7.1 percent in 2018 and is expected to grow at 6.6 percent in 2019 with inflation contained at below the authorities’ target of 4 percent, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from January 9 to 17, 2019.
Hong Kong’s economy is projected to grow strongly at 3.8 percent in 2018 and moderate to 2.7 percent in 2019 mainly due to weakening external demand and heightened external risks
Hong Kong’s economy is projected to grow strongly in 2018 but will moderate in 2019. The economy is now exposed to significant downside risks from external factors, which are shared globally, including an escalation of the U.S.-China trade conflict, a faster-than-expected pace of the Fed rate hike, and a sharper-than-expected growth slowdown in China.
Global markets started 2019 in the same way it ended 2018—in significant turbulence.
As we enter 2019, global economic prospects have dimmed and grown more uncertain for the first time since mid-2016– a sharp contrast to 2018 where the global economy started on an upbeat note.
Cambodia’s economy continued its robust growth while inflation remained relatively low in 2018. Real GDP growth is estimated to accelerate to 7.2 percent in 2018 and remain strong at 7.1 percent in 2019.
Cambodia’s economy continued its robust growth while inflation remained relatively low in 2018, according to the 2018 Annual Consultation Report on Cambodia published today by the ASEAN+3 Macroeconomic Research Office (AMRO).
The trade conflict between the U.S. and China has escalated when first, the U.S. and then China, took turns to impose tariffs and counter-tariffs on one another’s exports.
Notwithstanding the recent slowdown, tourism in Thailand has shown continued strength in terms of the number of visitors and their spending. From Krabi in the south to Chiang Mai in the north, most cities are busy serving millions of tourists every year.
