In an April report, the Asian Development Bank projected that the economies in the Asia-Pacific region will grow 4.8 per cent this year and next year, adding that growth in the region remains resilient.
The Association of Southeast Asian Nations is demonstrating its confidence in becoming a new global economic powerhouse, which was reflected at a summit held from May 10-11 in the Indonesian town of Labuan Bajo.
This year’s 42nd ASEAN Summit was held under Indonesia’s ASEAN chairmanship.
“We have a strong asset as the epicenter of growth, an economy that grows far above average global economic growth, demographic bonuses and sustained regional stability,” Indonesian President Joko Widodo said on May 10 at the summit’s opening session.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
