South-East Asia’s GDP growth dampened by trade tensions

As a result, the outlook for exports and private investment will remain challenging and continue to dampen regional GDP growth. Regional growth has slowed since 2018 and remained sluggish in Q3 2019, with GDP growth across the SEA region rising only 4.5% year-on-year from 4.4% in Q2 2019. Continued import controls from 2018 and weak export earnings will also keep a lid on investment growth in the short term. Continued import controls from 2018 and weak export earnings will also keep a lid on investment growth in the short term. As a result of the slowdown in GDP growth, the government is likely to implement more monetary policy easing to support growth.

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