Philippines only emerging Asian nation with strong momentum: OECD
PARIS (AFP) - The Philippines is the only emerging Asian nation with strong business cycle momentum, although China and Singapore have stabilised, the OECD Development Centre said on Monday.
Chinese growth was now returning to trend, meriting a "Stay the same" reading for the business cycle, after a slowdown that had weakened momentum across ASEAN nations.
India had a "weak" business cycle reading with growth below trend in latest Asian Business Cycle Indicators report.
Singapore and Malaysia were now rated as stable.