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.

Last year, Asean's combined gross domestic prod…