As explained in the analysis of the South Pacific Rim market in gasworld’s August issue, a mixed outlook currently exists in the Asia-Pacific regions as it picks up the tailwind of China’s much-publicised economic slowdown.
For the countries that comprise Southeast Asia, the exposure to China’s challenges is perhaps lessened by their own strong growth prospects and favourable investment climates. While countries such as Indonesia, Malaysia and even Vietnam may be affected due to their dependence on commodity exports, for many others – like Myanmar, for example – China’s apparent economic woes present opportunity to increase their share of various global markets.
Further still, many of the economies in Southeast Asia have implemented macroeconomic and/or financial reforms in recent decades, which should enable them to better cope with any wider issues.
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