Southeast Asia Could Hit $5 Trillion Growth Mark: McKinsey's Lin
- Booming economies set to keep pace, says firm’s senior partner
- Technology, infrastructure among critical policy targets: Lin
Phnom Penh, Cambodia.
Photographer: Taylor Weidman/BloombergThis article is for subscribers only.
Southeast Asia’s been home to almost half of the biggest growth drivers in the past half-century. To keep investors interested, it’ll have to make the right moves across technology, education and infrastructure, according to Diaan-Yi Lin, a senior partner at McKinsey & Co.
Among 71 developing economies of the past half-century, 18 are responsible for the lion’s share of growth, with eight of those within Southeast Asia, a September McKinsey report showed. With the right policy mix, these economies could double their gross domestic product to almost $5 trillion over the next decade, or about 5 percent of the global economy, the analysts found.