(VOVworld) - The overall outlook for Southeast Asian markets is positive in the future despite uncertainty over interest rates.

(Photo: Associated Press)

According to a report from Goldman Sachs Asset Management, the rising middle-income group, urbanization and growing productivity will have positive impacts on Southeast Asian economies especially Indonesia and the Philippines. But the report remarks that it remains cautious on Malaysia and Thailand, as household leverage is becoming more stretched. In Singapore, the city state should also be cautious because restructuring could drag the economy down. The report also said there could be some uncertainty over interest rates but that markets in the region are better prepared for future rate hikes.