Fastest growing region globally
  • ASEAN is the fastest growing region globally having underperformed emerging markets
  • ASEAN underperformed post-Asian financial crisis and super-commodity cycle
  • ASEAN outperformed strongly in 2H80s and 1H90s; low commodity prices and weaker dollar
  • Current conditions very similar to that period
Strong underlying fundamentals
  • ASEAN’s strong growth outlook supported by key fundamentals
  • Very young populations compared with developed economies and other emerging markets
  • Very low levels of urbanization again compared with other regions
  • Rising population age and urbanization should drive strong economic growth