Domestic demand, instead of exports, will drive economic growth in the second half of 2017 — a shift that bodes well for Southeast Asiancountries, Credit Suisse said as it turned more optimistic on the region’s banking sector.
The bank said in a report this week that the export boost from Chinahas peaked and demand from other major economies is unlikely to fill that gap. In addition, several indicators such as the CRB metal price index and industrial production also point to a slowdown, according to Credit Suisse.
