Firming global demand to push Asean GDP growth: Moody’s

Moody's says the most trade-exposed economies, specifically Singapore, Thailand and Malaysia, will be the biggest beneficiaries in 2014 from the stronger global demand.

KUALA LUMPUR: The economic stabilisation in Europe, upbeat data from Japan, and a policy-induced soft landing in China will push GDP growth in Asean economies in 2014, according to the Oct 9 Moody’s Analytics forecast.

It says the most trade-exposed economies, specifically Singapore, Thailand and Malaysia, will be the biggest beneficiaries of the stronger global demand, with Indonesia and the Philippines also expected to see some improvement.