Southeast Asian economies will grow up to 5.6 percent this year but the expansion could be jeopardized if economic stimulus is withdrawn too early, according to a report by a regional body on April 6. Nevertheless, the governments of the 10-member Association of Southeast Asian Nations (ASEAN) need to design an orderly exit strategy to show that they have inflation expectations under control, said the latest draft of the ASEAN Surveillance Report. ‘Following the pace of growth in Asia, the ASEAN economy will grow by about 4.9 percent to 5.6 percent in 2010 with ASEAN economies recording moderate to strong growth’” it said, as cited by Reuters. The report was presented at a meeting of deputy finance ministers and central bank governors.
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