Asean a global economic powerhouse in the making, says BCG

Total Asean trade is expected to grow by 3.7% annually or more than US$1.5 trillion by 2033. — AFP

PETALING JAYA: There has been much talk about Asean as a bloc lately, as its potential to emerge as a superpower globally becomes increasingly significant amidst geopolitical shifts.

Back in 2016, Jones Lang LaSalle Singapore and South-East Asia managing director Christopher Fossick noted that the establishment of the Asean Economic Community (in 2015) would eventually lead to South-East Asian nations ultimately becoming global economic powerhouses.