SINGAPORE (Sept 18): Economic growth across South-East Asia (SEA) region is expected to cool in the second half of the year until 2019, according to ICAEW’s Economic Insight: South-East Asia report.

Growth in SEA for 2018 is expected to ease to 5.1% from 5.2% in 2017, with growth easing further to 4.8% in 2019, as moderating Chinese import demand and escalating US-China trade tensions dampen exports and business investment.

In addition, while recent regional trade data suggests some resilience in external demand, forward indicators point to softer export momentum in the coming months, with the aggregate measure of SEA PMIs moderated to 50.9 in July, from 51.1 in June.

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