Guide to Asean Securities
Sponsored by Commerce International Merchant Bankers Berhad
The coast is relatively clear for regional economies. The solid growth forecast is anchored by a recovery of the global tech sector and the sustained pace of domestic demand growth. Export growth has already been picking up across the region, underpinned by the improving global economic conditions. Interest rates are expected to peak in the first half of 2006 for some countries.
A turning point is in store for regional currencies after uninspiring performance in 2005. Short-term risks remain skewed to the downside – these include high and volatile oil prices, the strength of the US economy, especially its property market, and a significant tightening of monetary conditions. Last but not least are geopolitical risks and the threat of an avian flu pandemic.Global indicators pointing northThe global expansion remains broadly on track, bolstering hopes for a sustained steady growth path in...
