Rabu 17 Apr 2013 20:43 WIB

ASEAN's growth remains strong despite the tension in Korean Penninsula

South Korean soldiers walk as they take part in an anti-terror and security drill at the Integrated Government Complex in Sejong, south of Seoul, April 17, 2013. IMF projects that growth in ASEAN-5 economies will remain strong despite of the high tension i
Foto: Reuters/Kim Hong-Ji
South Korean soldiers walk as they take part in an anti-terror and security drill at the Integrated Government Complex in Sejong, south of Seoul, April 17, 2013. IMF projects that growth in ASEAN-5 economies will remain strong despite of the high tension i

REPUBLIKA.CO.ID, WASHINGTON - International Monetary Fund (IMF) projected that growth in ASEAN-5 economies would remain strong despite of the high tension in Korea Penninsula and a terrorist attack in Boston, US.

In 2013, IMF said the regional economy will reach 6 percent, reflecting resilient domestic demand. Indonesia is predicted to remain leading in the ASEAN economy and keeping its growth in this year, although the growth is lower than the previous year. 

In 2012, the ASEAN's growth was recorded at 6,1 percent. While the growth in Thailand, Malaysia, and Philippines declined this year comparing to the previous year. Yet, IMF also said that the economic growth in Indonesia and Singapore remained stable.

''As global risks recede somewhat, risks and challenges to growth from within the region come more clearly into focus,'' said the IMF Economic Counsellor and Director of the Research Department, Olivier Blanchard, Tuesday, in Washington, as reported by Elba Damhuri from Republika

The Fund explained that policymakers in the region must rebuild room for macroeconomic policy. ASEAN will start its first open economy in 2013 by establishing the ASEAN Economy Community (AEC). The measure will stimulate the regional economy to alleviate poverty, increase welfare, and strengthen economic growth. ASEAN must maintain its stability to be in line with the beginning of AEC implementation.

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