AMRO’s 2025 Annual Consultation Report on Singapore
December 9, 2025
Singapore’s economic growth is projected to moderate to 4.1 percent in 2025 and 2.5 percent in 2026.
December 9, 2025
Catharine Kho, Koon Hui Tee, Laura Britt-Fermo, Leilei Lu, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Yoki Okawa
Singapore’s economic growth is projected to moderate to 4.1 percent in 2025 and 2.5 percent in 2026.
October 9, 2025
Andrew Tsang, Benyaporn Chantana, Chenxu Fu, Chiang Yong (Edmond) Choo, Eunmi Park, Ivan Lim, Junjie Shi, Kuchsa Dy, Leilei Lu, Prashant Pande, Runchana Pongsaparn, Ruperto Majuca, Shunsuke Endo, Yang Jiao, Yoki Okawa
The AFSR 2025 explores the evolving risks and vulnerabilities shaping ASEAN+3’s financial landscape and how the region is building greater resilience for the future.
January 10, 2025
Catharine Kho, Justin Lim, Kevin C. Cheng, Leilei Lu, Prashant Pande, Yoki Okawa
Singapore’s economic growth is expected to strengthen in 2024 to 3.7%, driven by an upturn in exports and resilient domestic demand.
October 10, 2024
Alex Liyang Tang, Benyaporn Chantana, Chenxu Fu, Chiang Yong (Edmond) Choo, Eunmi Park, Ivan Lim, Jungsung Kim, Junjie Shi, Leilei Lu, Prashant Pande, Ruperto Majuca, Trung Thanh Vu, Yang Jiao, Yoki Okawa
This year’s AFSR expands its scope to chart a broader array of risks and challenges confronting the region in the period ahead.
January 11, 2024
Kit Yee Lim, Leilei Lu, Siang Leng Wong
Over 95 percent of businesses in ASEAN+3 economies are small and medium-sized enterprises (SMEs).
January 4, 2024
The past decade has repeatedly demonstrated that the ASEAN+3 economies have weak immunity against shocks that originate from major economies.
December 27, 2023
Eunmi Park, Kevin C. Cheng, Leilei Lu, R. Sean Craig, Siang Leng Wong
Ample and low-cost liquidity provided by global central banks in the aftermath of the global financial crisis had driven a rise in ASEAN+3 debt.
December 5, 2023
Benyaporn Chantana, Chiang Yong (Edmond) Choo, Eunmi Park, Kevin C. Cheng, Kimi Xu Jiang, Laura Grace Gabriella, Leilei Lu, Prashant Pande, Sean R. Craig, Siang Leng Wong, Yoki Okawa
The ASEAN+3 Financial Stability Report (AFSR) 2023—AMRO’s second flagship report—is the ASEAN+3 region’s pioneering financial stability report.