A mixed outlook has prevailed in South East Asia in recent years, as undoubted growth prospects have been visibly tempered by an uncharacteristically volatile economic landscape in China and the many splintered effects of this on global markets such as commodities.
Indeed, in recent years gasworld has reflected on the tailwind of China’s economic slowdown in the region and the exposure to that drag of the developing South East Asian nations. But the outlook has shown signs of change in 2016 and as we head into the year’s fourth quarter, the region is once again regarded as a veritable bright spot for the global economy.
A number of factors are at play here. A major contributor is of course the recent stabilisation of China’s economy and what appears to have been a better than expected third quarter for the world’s second-largest economy. Then there is the commodities upswing; even in the midst of a significant slowdown in commodities as a consequence of Chin’s challenges and an inherent exposure to this, in contrast the developing nations of South East Asia have led the rebound in commodities.
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