KUALA LUMPUR – ASEAN remains resilient with steady economic growth and despite the global financial turmoil, says Foreign Minister Datuk Seri Anifah Aman.
He said the ASEAN region is expected to grow by 6.4 per cent in 2015 – the same as last year. The International Monetary Fund (IMF) has forecast world growth in 2014 to be at 3.4 per cent and this year, 4.0 per cent.
“ASEAN’s gross domestic product (GDP) is expected to reach US$3 trillion by 2017,” he said in his special address at the ASEAN Supreme Audit Institutions (ASEANSAI) Assembly Meeting here, today.
He said ASEAN’s per capita income had risen, total trade had grown and member countries continue to attract foreign direct investments (FDI), especially from dialogue partner countries, such as China, the United States, Japan and South Korea.
“The region’s strong political stability and abundance resources are the main contributing factors for growth in Southeast Asia,” he added.
Anifah said as ASEAN continues to open up to global investors, FDI flow is expected to accelerate.
“ASEAN with a sizeable population of 625 million offers vast investment prospects, as the economy is expected to grow strongly for the next few years,” he added.
ASEANSAI, comprising the 10 Asean countries is an autonomous, independent and non-political professional organisation, aimed at capacity building, promoting cooperation and understanding in the field of public sector auditing through the exchange and sharing of experience.
Malaysia assumed the ASEAN chairmanship on Jan 1, taking over from Myanmar. – BERNAMA