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This report provides an analysis of both the current and forecasted energy supply and demand balances that will accompany ASEAN’s growth in the next two decades, and the various implications that will arise due to the supply-demand shift. Contemporary energy issues, such as renewable energy, nuclear energy and climate change, will be evaluated. Policy recommendations to counter national and regional energy challenges will also be discussed.
This book investigates long-term development issues for members of the Association of Southeast Asian Nations (ASEAN). It finds that with the proper policy mix—including domestic structural reforms and bold initiatives for regional integration—ASEAN has the potential to reach by 2030 the average quality of life enjoyed today in advanced economies and to fulfill its aspirations to become a resilient, inclusive, competitive, and harmonious (RICH) region. Key challenges moving forward are to enhance macroeconomic and financial stability, support equitable growth, promote competitiveness and innovation, and protect the environment. Overcoming these challenges to build a truly borderless economic region implies eliminating remaining barriers to the flow of goods, services, and production factors; strengthening competitiveness and the institutional framework; and updating some governing principles. But ASEAN should not merely copy the European Union. It must maintain its flexibility and pragmatism without creating a bloated regional bureaucracy. The study’s main message is that through closer integration, ASEAN can form a partnership for achieving shared prosperity in the region and around the globe.
After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.
Developing Asia has suffered as the COVID-19 pandemic persists. Growth, trade, and tourism collapsed in 2020, leading to the region’s first economic contraction in nearly 6 decades. Governments across Asia acted quickly to contain the virus and its economic effects, and signs of bottoming out have now appeared. Inflation remains benign, constrained by depressed demand and declining food prices. A prolonged pandemic is the primary downside risk to the outlook. Persistent or renewed outbreaks and a return to stringent containment could possibly derail the recovery and trigger financial turmoil. Recovery depends on measures to address the health crisis and on continued policy support. The pandemic has highlighted the importance of wellness, both physical and mental. Wellness—the pursuit of holistic health and well-being—is a component of the UN’s Sustainable Development Goals. This report evaluates the state of wellness in Asia, documents how the wellness economy is a large and growing part of the region’s economy, and discusses how policy makers can promote wellness by creating healthy living environments, encouraging physical activity and healthy diets, and enhancing workplace wellness.
Launched in 1992, Regional Outlook is an annual publication of the Institute of Southeast Asian Studies, published every January. Designed for the busy executive, professional, diplomat, journalist, or interested observer, Regional Outlook aims to provide a succinct analysis of current political and economic trends shaping the region, and the outlook for the forthcoming two years. This forward-looking book contains focused political commentaries and economic forecasts on all ten countries in Southeast Asia, as well as a select number of topical pieces of significance to the region.
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks. In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
Unlock the secrets of 2025 with 2025 Wood Snake Year: Astrology & Global Trends Forecast, a comprehensive guide blending Chinese astrology with an in-depth analysis of economic, geopolitical, and financial trends. Written by Evelyn Tan and PC Wong, this book offers a powerful roadmap to help investors identify opportunities, manage risks, and protect their wealth amidst a rapidly evolving global landscape. Explore how the unique energy of the Wood Snake year intersects with global developments, from technological innovation to shifts in geopolitical alliances. With insightful predictions backed by astrological methodologies and real-world trends, you’ll gain the knowledge to strategically navigate volatile markets and uncertain times. What You’ll Discover: Economic Forecasts by Element: Understand which industries—aligned with the Wood, Fire, Earth, Metal, and Water elements—are poised to thrive in 2025. Astrology Meets Strategy: Learn how to harness the energy of the Wood Snake to develop foresight and gain a competitive edge. Geopolitical Shifts: Anticipate global power dynamics, evolving alliances, and resource-based conflicts that will shape the year ahead. Li Chun Bazi Chart Analysis: Delve into the year’s astrological blueprint to unlock hidden patterns and gain clarity about economic trends. Yi Jing Predictions: Evaluate the influence of Hexagram 30 (Li) and its emphasis on clarity, transformation, and enlightenment in global events. Whether you are a seasoned investor or someone seeking to understand how astrological insights can guide decision-making, this book is your essential companion. Get ready to thrive in the second year of Period 9 with strategic foresight and astrological wisdom, guiding you through both challenges and opportunities. Prepare. Forecast. Prosper. Embrace the future with confidence and clarity.
The Economic Outlook for Southeast Asia, China and India is a regular publication on regional economic growth and development in Emerging Asia. It focuses on the economic conditions of the Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.