Special Supplement: August 2017 Update

The Special Supplement of Economic Outlook for Southeast Asia, China and India 2017 focuses on recent macroeconomic developments. The report deems that with trade gradually recovering and private consumption remaining resilient, ASEAN, China and India are all likely to post higher growth rates this year. This sanguine view is supported by the rise in the industrial production and consumer confidence indices in a number of economies. Prominent external risks to Emerging Asia’s growth include a more aggressive monetary policy contraction in the United States (especially if echoed by other advanced economies), a more inward-looking US trade policy and risk of protectionism in services sector. The expansion of economic activity in Southeast Asia maintained a steady pace in 2016 while growth eased in India and firmed in China.