Indonesia will lead Southeast Asia's economic growth in 2016 and 2017, while the region is forecasted to steadily increase their output, says the latest Asean Development Outlook (ADO 2016) by the Asian Development Bank (ADB).
The ASEAN is expected to experience a rise in it's economic output from 4.4% in growth 2015 to 4.5% in 2016 and 4.8% in 2017. Indonesia will lead this positive regional development. According to ADB, the country attracts more private investments due to governmental decisions to invest in it's infrastructure and reform policy regulations.
Besides Indonesia, India is expected to keep up it's economic performance in the years to come, too, while prospects for other Asian economic players - especially for the PR China - are being lowered by the ADB's report.