ASEAN economies are now recovering from the global financial crisis, due to the effective economic stimulus measures that the various ASEAN governments have implemented to support domestic demand, restore market confidence and stabilise financial markets. As a result, ASEAN grew by 1.5 percent in 2009 and is expected to grow further by 4.9-5.6 percent in 2010. Going forward, the challenge for ASEAN is to sustain the economic recovery by implementing appropriate monetary and fiscal policies and strengthening the various reform measures that have been in place since the Asian financial crisis in 1997/98.