Asia’s smallest economies are among its fastest growing
Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 percent, according to forecasts released this week. Among the least developed countries, the combined size of the three economies is less than $100 billion, about a third of neighbors like Singapore, Malaysia and Philippines.
Located in the Mekong region, Southeast Asia’s frontier nations are stepping up their infrastructure drive to boost growth and diversify their economies as they seek to shed their image as the region’s backwater.
