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Challenges for ASEAN Economic Community after 2015
- Author Taeyoon Kim
- Date2013-04-12
Current economic conditions of Southeast Asia countries seem to be very promising with the ASEAN5 registering a 5.7% growth rate in 2012, surpassing the world average of 3.2% for the same year. The reasons for high economic growth include governments’ expansionary policies, recovering domestic demand and a revival in external markets, which have improved business expectations and consumer confidence in this region.
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