BANGKOK,
July 19 (Bernama) -- A world-class
economist, Richard Duncan, who formerly worked for the US-based World Bank and
chief economist at Singapore's Blackhorse Asset Management, foresees that the
formation of the Asean Economic Community (AEC) by the end of 2015 should boost
the bargaining power of Asean member countries, including Thailand, Thai News
Agency (TNA) reported.
Duncan
told journalists in Bangkok on Friday, during his participation in a business
seminar, that intra-regional trade and investment between Asean member
countries could further expand after the AEC is formed and help ease a global
economic slowdown.
Duncan
projected that the global economic slowdown should remain over the next 1-2
years and the world economic recovery should then be stimulated by innovations.
The top
world economist acknowledged that it should take some time for the immense
China's economy to successfully drive the world economy out of the current
slowdown although China has been the major driving force for the overall Asian
economy so far.
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated
in Singapore since 1994.
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