1. The 46th Meeting of the ASEAN Economic Ministers (AEM) was held on 25 August 2014 in Nay Pyi Taw, Myanmar. It was chaired by H.E. Dr. Kan Zaw, Union Minister for National Planning and Economic Development, Myanmar. The 46th AEM was preceded by a preparatory meeting of the Senior Economic Officials (prep-SEOM). The AEM also held joint meetings with the 28th ASEAN Free Trade Area (AFTA) Council and the 17th ASEAN
Investment Area (AIA) Council.

Economic Performance

2. The Ministers welcomed the continuing economic expansion in the ASEAN region with real GDP growth of 5.1% in 2013 despite the weak global recovery. Although growth is projected to soften to 4.7% in 2014, the reasons are seen to be temporary domestic factors and regional growth is forecast to pick up to 5.4% in 2015 as economic conditions, such as exports and investment, improve in the larger ASEAN economies. The Ministers will continue to monitor any possible risks but are confident of ASEAN’s economic resilience and prospects amidst strong sentiments going into the ASEAN Economic Community 2015 and improving global growth.

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