"ASEAN economic stability and cohesion will continue despite pressure on the money and bond markets after the US presidential election," he said in a keynote address to the 11th ASEAN Finance Ministers Investors Seminar (AFMIS) here on Tuesday.
He said the ASEAN region has good track record of economic growth as regional integrity has been running optimally to support any effort to increase trade and investment value.
Just in 2015, ASEAN trade increased to US$2.28 trillion, while foreign direct investment to ASEAN increased was recorded at US$120 billion. The figure represents 11 percent of the FDI to the world.
Despite the current global economic slowdown, ASEAN's gross domestic product reached US$25 trillion in 2015, fueled by 4.7 percent economic growth. The regional economy is predicted to reach 4.5 percent in 206 and 4.6 percent in 2017.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2016
