Regional Knowledge Hub
ASEAN+3 Finance Process

ASEAN+3 Macroeconomic Research Office

BLOG

China’s Renewable Surge: Unlocking the Next Phase of Decarbonization
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BLOG

Aging Malaysia Needs Stronger Fiscal Planning
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BLOG

Rethinking Internationalization: Japan’s Bonds Over the Yen
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POLICY PERSPECTIVES

Powering Payments: The Role of Technology in ASEAN’s Regional Payment Connectivity Initiative
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Beyond Crises, Growing Together: Evolving ASEAN+3 Financial Cooperation as a Living Institution
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Contributing to the macroeconomic and financial resilience and stability of the ASEAN+3 region

About AMRO
Videos
Watch: Financing Asia’s Transition to a Net-Zero Future
Can ASEAN+3 take the lead in the global path to net zero?
Blogs
ASEAN+3 in a Fragmenting World
The fragmentation of the multilateral trading system poses more risks than just efficiency losses.
Policy Perspectives
Powering Payments: The Role of Technology in ASEAN’s Regional Payment Connectivity Initiative
This paper examines the role of technological advancements in driving the progress and recent expansion of the RPC initiative.

Regional Knowledge Hub

Cooperation, Enhancement, Innovation

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ASEAN+3 Regional Economic Outlook 2025

ASEAN+3 Positioned for Resilience Amid Unprecedented Trade Shocks

The ASEAN+3 region maintained stable growth of 4.3 percent in 2024 despite various uncertainties and is positioned to remain resilient with the policy space to cushion near-term shocks. However, the outlook for the region faces significant headwinds from an unprecedented escalation of tariffs globally.

This year’s report features three chapters: Chapter 1 presents the near-term economic prospects and key risks for the region, including potential impacts of US trade policies; Chapter 2 analyzes post-pandemic inflation dynamics and their policy implications; and Chapter 3 examines the structural factors behind the region’s declining long-term growth potential, outlining five strategic policy priorities to reinvigorate sustainable economic development across the region.

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Publications and Blogs

Other Research
2025 AFTN Seminar: Compilation of Seminar Papers
This publication is a compilation of seminar papers presented at the 2025 AFTN Seminar held in Hong Kong, China on May 14, 2025.
Blogs
China’s Renewable Surge: Unlocking the Next Phase of Decarbonization
While the road to carbon neutrality remains long and demanding, China's rapid and remarkable progress in renewable energy deployment has already started to transform its emissions profile.
Blogs
Aging Malaysia Needs Stronger Fiscal Planning
Malaysia should strengthen its public financial management framework by systematically integrating social protection and health spending.

News and Media

Get the latest updates on ASEAN+3 macroeconomic and financial developments and learn more about AMRO’s activities.

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Newsletters
AMRO Monthly Roundup - June 2025
AMRO's monthly newsletter features our latest publications, commentaries, and events covering macroeconomic and financial stability issues in ASEAN+3. Subscribe now!
Press Releases
Strengthening Policy Synergy for Indonesia’s Stability and Growth
Indonesia’s economy maintained solid growth of 5.0 percent in 2024, underpinned by sustained domestic demand and a rebound in exports and tourism.
Videos
Watch: Is Declining FDI into China a Cause for Concern?
The flow of foreign direct investment into China has declined significantly in recent years. However, a deeper examination of the data shows the situation is more nuanced than it appears.
Press Releases
Hong Kong, China: Navigating Growth Challenges Amid Global Trade Headwinds
The economic momentum in Hong Kong, China softened in 2024 as domestic demand cooled. Growth is expected to remain moderate at 1.9 percent in 2025 amid external headwinds.

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