Asean-5 growth seen at 5.2 percent this year

The growth of the five largest economies in the Association of Southeast Asian Nations, or Asean-5, will continue to be solid this year, according to a new Asian Development Bank outlook.

Released on Tuesday, the latest edition of Asian Development Outlook (ADO) supplement said that the five largest economies in Asean such as the Philippines, Indonesia, Malaysia, Thailand and Vietnam are seen to grow at 5.2 percent this year. It added that Asean-5 will further expand by 5.6 percent in 2014.