ASEAN economies facing disparate growth outlook: Moody's

The growth outlook for ASEAN economies is likely to be mixed in the next two years, with domestically focused economies such as Indonesia and the Philippines on relatively better footing than their more trade-reliant neighbours, Moody's Investor Service said on Tuesday. The cautious view from the ratings agency is a warning sign for global policymakers who are relying on emerging economies, particularly in Asia, to drive global growth in the coming years. With a prolonged slump in global trade showing no signs of abating, the outlook is darker for Asia's export-oriented economies, Moody's said.

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