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South-east Asia economic growth likely to slow to 4.5% this year: report

Uncertain outcome of US-China trade talks may dent economic prospects further; central banks expected to cut rates to boost domestic demand

Fiona Lam

Published Thu, Sep 19, 2019 · 09:50 PM

South-east Asia

Singapore

ECONOMIC growth in South-east Asia is forecast to ease to 4.5 per cent this year from 5.1 per cent in 2018, before stabilising at the same rate of 4.5 per cent in 2020, British advisory firm Oxford Economics said on Thursday.

The slowdown comes amid a fresh round of tariffs and trade restrictions by the US and China, according to the firm's latest Economic Update: South-East Asia report.

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