Asia Market Research

Globally, economic conditions remain cautious. However, Southeast Asia has been affected less than expected, with steadier politics and growing foreign investment offsetting weak consumer sentiment for a surer medium term outlook and the outlook for emerging Southeast Asia remains robust. The economies of Philippines and Vietnam surprised on the upside in the first quarter, while Indonesia continued to grow at 5.1% year on year. While some economists have pared down their outlook for Thailand, this was based mostly on the uncertain political situation in Thailand after the elections in 1H19.

JLL – Southeast Asia Outlook – 2H19

Globally, economic conditions remain cautious. However, Southeast Asia has been affected less than expected, with steadier politics and growing foreign investment offsetting weak consumer sentiment for a surer medium term outlook and the outlook for emerging Southeast Asia remains robust. The economies of Philippines and Vietnam surprised on the upside in the first quarter, while Indonesia continued to grow at 5.1% year on year. While some economists have pared down their outlook for Thailand, this was based mostly on the uncertain political situation in Thailand after the elections in 1H19.
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This report was provided by JLL Vietnam. For more information on JLL Vietnam, visit their website at: www.joneslanglasalle.com.vn