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ANNUAL CONSULTATION REPORT

AMRO’s 2023 Annual Consultation Report on Korea

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PRESS RELEASE

Korea Should Maintain Tight Monetary Policy and Continue Fiscal Consolidation to Safeguard Macroeconomic Stability

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EVENT

8th Joint Regional Financing Arrangements (RFAs) Research Seminar

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BLOG

Demography Presents Both Challenges and Opportunities for China

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BLOG

The Challenges and Opportunities of the Philippines’ Economic Digitalization

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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.
Analytical Notes
A Not-So-Good Morning in Baltimore: What Does Its Port Closure Mean for ASEAN+3 Trade and Supply Chains?
Using the IMF-University of Oxford University PortWatch spillover simulator to analyze the impact of the Baltimore accident on ASEAN+3 trade, the note shows that immediate, direct repercussions for the ASEAN+3 region are small, as is the impact on its network of supply chains.
Annual Consultation Reports
AMRO’s 2023 Annual Consultation Report on Vietnam
After weakening in the first half of 2023, the Vietnamese economy gathered momentum in the second half of the year. The economic growth is expected to pick up moderately in 2024.

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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

Annual Consultation Reports
AMRO’s 2023 Annual Consultation Report on Korea
The near-term outlook for the Korean economy has improved, supported by the recovery of exports, and inflation is expected to decline further toward the target.
Blogs
Demography Presents Both Challenges and Opportunities for China
China’s demographic profile is now transitioning from being a dividend to a drag on the economy. This shift carries profound implications for the country’s economic trajectory.
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.

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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Videos
Spotlight on Korea: Highlights from AMRO's 2023 Annual Consultation Report on Korea
Watch the highlights of AMRO's 2023 Annual Consultation Report on Korea.
Press Releases
Korea Should Maintain Tight Monetary Policy and Continue Fiscal Consolidation to Safeguard Macroeconomic Stability
Korea's economy is forecast to rebound to an above-potential rate of 2.3 percent in 2024, supported by continued strengthening in goods exports, especially semiconductors.
Events
8th Joint Regional Financing Arrangements (RFAs) Research Seminar
The theme of the 2024 edition of the Joint RFA Research Seminar is Safeguarding stability in a more fragmented world: global and regional perspectives on challenges and policy implications. Register now.
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.

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