Economic Outlook for Southeast Asia, China and India 2017
The Economic Outlook for Southeast Asia, China and India is a publication issued by the Asia Desk of the OECD Development Centre, in collaboration with United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and Economic Research Institute for ASEAN and East Asia (ERIA). The 2017 edition focuses on four main areas:
- The Regional Economic Outlook up to 2021: the publication states that GDP growth in Emerging Asia will remain robust at a rate of 6.2% over 2017/2021 compared to 6.5 in 2016. The Philippines and Viet Nam are the countries that are expected to grow the most among the ASEAN-5 countries at an average rate of 6.1% and 6.2% per year respectively;
- Recent Developments in Regional Integration: integration is fundamental to improve growth prospects of the region. Relevant achievements have been made in 12 key policy areas, even though there is still room for progress. As a matter of fact many regional initiatives seem to be delayed by challenges related to the effective implementation of supportive domestic policies. These policies are crucial to facilitate cooperation and long-term commitment to regional integration;
- Developing Renewable Energy: according to projections of the International Energy Agency, emerging Asia is going to increase its energy consumption due to a variety of reasons such as increasing population, sustained economic growth and increased access to electricity. Providing the right conditions for the development of renewable energy is thus crucial. According to the publication this will require overcoming the challenges related to grid access, administrative barriers and energy pricing mechanisms;
- Key Structural Policy Challenges: to guarantee a sustainable growth in Asia, priority areas for reforms have been identified such as infrastructure, education and skill development, tourism, FDI and energy.