Asean 'among fastest growing in the mid to long term'

Singapore

ASEAN is expected to remain one of the world's fastest-growing regions in the medium to long term, Monetary Authority of Singapore managing director Ravi Menon said on Friday.

"Barring shocks, overall growth in Asean should remain firm this year - at about 5 per cent, not spectacular, but very respectable, considering the state of the global economy," he said in his keynote address at the Asean Banking Council Meeting.