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ASEAN+3 Regional Economic Outlook Update - July 2023
ASEAN+3 Growth Momentum to Remain Intact as Risks Recede
In the July 2023 update of the ASEAN+3 Regional Economic Outlook, the ASEAN+3 region is expected to grow by 4.6 percent this year, up from 3.2 percent last year. Although the ongoing weakness in global trade has prompted a slight reduction in the ASEAN growth forecast for 2023 to 4.5 percent from April’s projection of 4.9 percent, this will be offset by improving prospects in the Plus-3 economies.
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