Asia will once again be the engine of global GDP in 2015

The Economist estimates Asia will once again be the engine of global GDP in 2015. The SEA region is catching up and is expected to post 6-8% GDP growth. Indonesia’s economic growth should pick up in 2015 under the new administration. Vietnam, Cambodia and Myanmar continue to grow supported partly by the low-cost export-oriented manufacturing from China. Singapore, Thailand and Brunei (ASEAN’s wealthier members) will have slower rates of expansion with Singapore and Malaysia still have very respectable performances due to high level of GDP per capita.