South-East Asia to grow despite global economic uncertainty

THERE will be a rise among the middle class due to strong capital spending and more demand for construction and infrastructure as Malaysia, Indonesia and the Philippines experience 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 South-East Asia has shown signs of growth in volatile economic conditions and has predicted that South-East Asia will continue to flourish despite global economic uncertainty.