A robust economy is the main attraction for foreign direct investment (FDI) in Asean and elsewhere in Asia, particularly in Myanmar, where recent economic liberalisation has boosted investment substantially, say international analysts.
The Institute of Security and International Studies projects the Southeast Asian economy is likely to experience 3-5% annual growth into the next decade, director Thitinan Pongsudhirak told the Norway-Asia Business Summit yesterday. The three-day event ending today has been organised by the Thai-Norwegian Chamber of Commerce.
Joseph Zveglich, assistant chief economist at the Asian Development Bank, said the ADB forecasts overall Asian gross domestic (GDP) growth of 6.2% this year and 6.4% next year on the back of the economic recovery in the US, Europe and Japan.
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