AMRO’s 2025 Annual Consultation Report on Indonesia
June 20, 2025
Strengthened domestic demand and a rebound in exports supported Indonesia’s robust growth in 2024.
June 20, 2025
Akifumi Fujii, Ginanjar Wibowo, Kittiya Manivong, Nguyen Thi Kim Cuc, Sumio Ishikawa, Thai Yangsingkham, Trung Thanh Vu, Wanwisa May Vorranikulkij
Strengthened domestic demand and a rebound in exports supported Indonesia’s robust growth in 2024.
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.
March 6, 2025
Dac Toan Nguyen, Ginanjar Wibowo, Ivan Lim, Jade Vichyanond, Sumio Ishikawa, Trung Thanh Vu, Van Duc Tran, Wanwisa May Vorranikulkij
Vietnam’s economy is estimated to grow by 6.5 percent in 2025, after posting a strong 7.0 percent growth in 2024. Despite potential headwinds from heightened US trade protectionism, growth is projected to be supported by improving domestic demand and frontloaded external orders.
March 4, 2025
Aruhan Rui Shi, Koon Hui Tee, Paolo Hernando, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Shunsuke Endo, Wee Chian Koh
The Japanese economy is projected to grow at 1.3 percent in 2025. While inflation has eased, it is expected to remain above the Bank of Japan’s target.
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.
December 10, 2024
Akifumi Fujii, Naoaki Inayoshi, Nguyen Thi Kim Cuc, Poh Lynn Ng, Ravisara Hataiseree, Somphone Changdabout, Sumio Ishikawa, Thai Yangsingkham
Lao PDR is projected to sustain moderate growth of 4.6 percent in 2025. However, significant challenges, including kip depreciation and persistent high inflation, are hampering its growth prospects.
December 2, 2024
Andrew Tsang, Chunyu Yang, Jinho Choi, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Sopheawattey San, Su Su Hlaing
In the first three quarters of 2024, the Philippine economy grew steadily at 5.8 percent, bolstered by a recovery in public consumption and construction investment, as well as export recovery.
November 26, 2024
Allen Ng, Benyaporn Chantana, Haobin Wang, Marthe M. Hinojales, Michael Wynn, Ravisara Hataiseree
Thailand’s economy is strengthening on the back of resilient private demand, continued recovery in tourism, and accelerated government disbursement.
October 17, 2024
Dek Joe Sum, Pim-orn Wacharaprapapong, Runchana Pongsaparn, VansopheaktraOdorm Tep, Wee Chian Koh, Yin Fai Ho
Malaysia’s growth momentum is expected to be sustained this year and next, driven by resilient domestic demand and a recovery in external demand.
September 5, 2024
Andrew Tsang, Chunyu Yang, Jinho Choi, Paolo Hernando, Sopheawattey San, Trung Thanh Vu, VansopheaktraOdorm Tep
Cambodia’s economy continued to recover in 2023, but at a slightly weaker pace of 5.0 percent.