New UN Report
In its latest Economic and Social Survey for the Asia Pacific, the United Nations (UN) is optimistic about the ASEAN Economic Community (AEC), but warns that the AEC is facing significant challenges at present. The report says that two of the region’s main challenges are the slowdown of exports and the region’s dependence on the Chinese economy. China is the largest export market for Singapore and Thailand, and the export of goods to China from Laos and Vietnam make up 20% of their national output. Other challenges include the differences in the development gaps, income inequality and unemployment, and rising household and corporate private debt.
The Dej-Udom & Associates Thailand ASEAN Newsletter for May 2016
By Dej-Udom & Associates of Dej-Udom & Associates on June 3rd, 2016