13 November 2014 – According to the 2015 edition of the OECD Economic Outlook for Southeast Asia, China and India, the ASEAN-5 economies – Indonesia, Malaysia, the Philippines, Thailand and Vietnam – will “sustain their growth momentum in the medium term [2015-2019]” and that this will be “led by the Philippines and Indonesia”.

Growth momentum for the 10 ASEAN countries remains “robust” and is expected to average 5.6% in the next five years. Among the ASEAN-5 countries, the Philippines has the best growth perspective with an average growth forecast of 6.2% for 2015 to 2019.

This is the first time since the Outlook was first published in 2010 that the Philippines has the best growth forecast among the ASEAN-5 countries.

Growth forecasts for the other ASEAN-5 countries are 6.0% (Indonesia), 5.7% (Vietnam), 5.6% (Malaysia) and 4.1% (Thailand). The growth forecast for China is 6.8%.

The OECD Economic Outlook is an annual publication on Asia’s regional economic growth, development and regional integration process. It focuses on the economic conditions of the ASEAN member countries as well as the relevant economic issues in China and India in order to fully reflect economic developments in the region.

The 2015 edition of the Outlook was launched during the ASEAN Trade and Investment Summit at Nya Pyi Taw, Myanmar from November 11 to 13. END