Political tensions in the latter part of 2018 slowed the momentum of Sri Lanka’s economy, weakening gains made earlier in the year. Nevertheless, political stabilisation and advances in the export and tourism sectors are expected to drive robust growth over the coming year.
What more can APEC do to promote the development of micro-, small and medium-sized enterprises (MSMEs) in the region?
Weaker agricultural output and high inflation helped curb growth in the Philippine economy in 2018, though the rate of expansion still outpaced most other countries in the region.
What obstacles must be overcome for Asia to meet its long-term energy needs through renewables?
Increasing levels of private consumption and investment, backed by the government’s infrastructure programmes, helped Thailand’s economy expand in 2018, although a decline in external demand and lower tourism receipts are expected to dampen full-year growth.
Although Myanmar’s economy has grown above the regional average in 2018, a fall in overseas investment, crop losses and a weakening of the kyat have combined to slow the pace of that economic growth. However, moves to open up sectors of the economy to foreign ownership may boost inward investment in the coming year.
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