ASEAN+3 Fiscal Policy Report 2025
April 21, 2025
This year’s report provides a comprehensive assessment of recent fiscal developments and the fiscal outlook for ASEAN+3 economies in FY2025.
April 21, 2025
Byunghoon Nam, Seung Hyun (Luke) Hong
This year’s report provides a comprehensive assessment of recent fiscal developments and the fiscal outlook for ASEAN+3 economies in FY2025.
April 15, 2025
Allen Ng, Andrew Tsang, Anthony Tan, Byunghoon Nam, Catharine Kho, Chunyu Yang, Fan Zhai, Haobin Wang, Jade Vichyanond, Jinho Choi, Jungsung Kim, Lay Lay Aung, Megan Chong, Naoaki Inayoshi, Nguyen Thi Kim Cuc, Pim-orn Wacharaprapapong, Poh Lynn Ng, Seung Hyun (Luke) Hong, Tanyasorn Ekapirak, Vanne Khut, Wanwisa May Vorranikulkij, Wee Chian Koh, Xianguo (Jerry) Huang, Yuhong Wu
The ASEAN+3 region maintained stable growth of 4.3 percent in 2024 despite various uncertainties and is positioned to remain resilient.
March 21, 2025
Bora Lee, Byunghoon Nam, Dac Toan Nguyen, Jade Vichyanond, Kian Heng Peh, Sumio Ishikawa, Trung Thanh Vu, Wanwisa May Vorranikulkij
The Korean economy has improved on the back of strong exports, with GDP growth registering 2.0 percent in 2024.
February 18, 2025
Byunghoon Nam, Seung Hyun (Luke) Hong
The inaugural AMRO Country Fiscal Review (CFR) report on Vietnam provides a comprehensive review of the key fiscal institutions shaping Vietnam’s fiscal policymaking.
June 7, 2024
The biggest policy challenge for ASEAN+3 policymakers lies in striking an appropriate balance between restoring fiscal buffers and carrying out an active fiscal policy to support sustainable and inclusive growth.
April 29, 2024
Abigail, Byunghoon Nam, Dek Joe Sum, Ravisara Hataiseree, Seung Hyun (Luke) Hong
This policy perspective paper assesses the recent fiscal developments and outlook in ASEAN+3 member economies.
April 25, 2024
Byunghoon Nam, Jade Vichyanond, Kevin C. Cheng, Kimi Xu Jiang, Sungtaek Kwon, Trung Thanh Vu, Wanwisa May Vorranikulkij
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.
November 27, 2023
Andrew Tsang, Byunghoon Nam, Ke Ji, Laura Grace Gabriella, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Sopheawattey San
The Philippines’ economic recovery is expected to remain robust amid high inflation and weaker external demand.
May 22, 2023
Andriansyah, Byunghoon Nam, Ravisara Hataiseree, Seung Hyun (Luke) Hong
The economic fallout from the prolonged pandemic has required extensive policy responses, leaving a large dent in policy space.
April 4, 2023
Byunghoon Nam, Kevin C. Cheng, Kimi Xu Jiang, Trung Thanh Vu, Wanwisa May Vorranikulkij
The Korean economy has recovered strongly from the pandemic, led by robust export growth and a strong rebound in private consumption. However, inflation remains elevated and the economic outlook in the near term has deteriorated amid tighter financial conditions and weakening external demand.