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