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ASEAN+3 Macroeconomic Research Office

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The Challenges and Opportunities of the Philippines’ Economic Digitalization

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WORKING PAPER

A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of Korea

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Time is Ripe for Malaysia to Move Upstream into Designing Chips

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BLOG

China is in Disinflation rather than Deflation

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WORKING PAPER

Post-COVID Central Bank Balance Sheet Normalization and Its Implications: The Case of ASEAN-4 Economies

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Contributing to the macroeconomic and financial resilience and stability of the ASEAN+3 region

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Press Releases
ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
Annual Consultation Reports
AMRO’s 2023 Annual Consultation Report on Indonesia
Indonesia’s economy continued to perform robustly, led by resilient domestic consumption and strengthening investment.
Blogs
Addressing High Inflation in the Philippines – the Role of Policy Mix
The Philippine economy has witnessed a robust performance over the past few years. However, such performance was accompanied by high inflation which became the main issue of concern.

Regional Knowledge Hub

Cooperation, Enhancement, Innovation

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ASEAN+3 Regional Economic Outlook 2024: Navigating Tomorrow

Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook

AMRO forecasts the ASEAN+3 region to grow by 4.5% this year and 4.2% in 2025. The stronger growth momentum this year will be mainly driven by robust domestic demand, with the anticipated turnaround in exports and the continued recovery of tourism providing additional tailwinds.

This year’s thematic chapter, Navigating Tomorrow, delves into three major trends—aging, global trade reconfiguration, and rapid technological change.

 

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Publications and Blogs

Blogs
The Challenges and Opportunities of the Philippines’ Economic Digitalization
Over the past few years, a substantial improvement in the Philippines’ digital infrastructure has paved the way for further digitalization in both the financial system and economic activities.
Working Papers
A Small Open Economy Model to Assess Macroeconomic Policy Performance: The Case of Korea
This paper estimates and simulates a small open economy model for assessing Korea's monetary and fiscal policy performance between 2005 and 2022.
Blogs
Time is Ripe for Malaysia to Move Upstream into Designing Chips
The increasingly heated struggle between the U.S. and China for dominance in semiconductor technologies has been a godsend for the Malaysian island of Penang.

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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Events
ASEAN+3 Regional Economic Outlook 2024 Roadshows: Bangkok
AMRO and the Bank of Thailand will co-organize the AMRO–Bank of Thailand Seminar: Navigating Tomorrow in Low Visibility on April 26, 2024.
Events
ASEAN+3 Regional Economic Outlook 2024 Roadshows: Hong Kong, China
AMRO, the Hong Kong Academy of Finance and HKIMR will co-organize the ASEAN+3 Regional Economic Outlook 2024 seminar on April 18, 2024.
Videos
Spotlight on Vietnam: Strengthening Growth through Recalibrating Policy Mix and Pursuing Structural Reforms
Watch the highlights of AMRO's 2023 Annual Consultation Report on Vietnam.
Videos
Watch Replay: Launch of the ASEAN+3 Regional Economic Outlook 2024
Watch the replay of the ASEAN+3 Regional Economic Outlook 2024 launch.

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