THERE will be a rise among middle class with strong capital spending and more demand for construction as infrastructure is a much needed element with Malaysia, Indonesia and the Philippines showing stable growth, said renowned economist Nouriel Roubini.
Speaking to delegates at the Datum Economic Forum 2013 (DEF’13), Roubini who was named by Foreign Policy magazine as one of the Top 100 Global Thinkers two years running said Southeast Asia has shown signs of growth in volatile economic conditions and has predicted that Southeast Asia will continue to flourish despite global economic uncertainty.