News Asia04 May 2016

ASEAN:AEC, One Belt, One Road, to be growth drivers for frontier markets

04 May 2016

Apart from more stable domestic socio-political environments in recent years and further integration with the global economy, two other developments will likely foster stronger GDP growth, and also potentially act as growth drivers for the frontier insurance markets of Cambodia, Laos, Myanmar and Vietnam (CLMV). These are the ASEAN Economic Community (AEC) and China's "One Belt, One Road" (OBOR) policy, according to Swiss Re.

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