ASEAN is set to be the world's fourth largest economy by 2050 based on the current trends of economic growth, according to Malaysia's Prime Minister Datuk Seri Najib Tun Abdul.
He said it would be the seventh-largest in the world now if ASEAN were seen as one economy, with its combined gross domestic product in 2014 at US$2.5 trillion and US$2.4 trillion in 2013.
The prime minister said ASEAN is in the process of building on a strong and consistent record. In terms of per capita income growth, he said ASEAN has dramatically outpaced the rest of the world since the late 1970s. The ASEAN Community is comprised of 10 nations, i.e. Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam, with population over 600 million. Credit and view full story at Thailand Business
