ASEAN+3 Macroeconomic Research Office

Analytical Notes

Regional Income Convergence in Indonesia

April 28, 2025

Akifumi Fujii, Ginanjar Wibowo, Nguyen Thi Kim Cuc

This analytical note examines the causes of regional income disparities in Indonesia, evaluates current policy efforts, and identifies key drivers of income convergence.

ASEAN+3 Regional Economic Outlook

ASEAN+3 Regional Economic Outlook 2025

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.

Other Research

Fiscal Management of Social Protection Systems in Selected ASEAN+3 Economies

April 3, 2025

Dek Joe Sum, Seung Hyun (Luke) Hong

This report provides an analysis of the fiscal management of social protection systems across selected ASEAN+3 economies.

Press Releases

Strengthening Policy Synergy for Indonesia’s Stability and Growth

March 5, 2025

Indonesia’s economy is projected to maintain robust growth of 5.0 percent in 2025.

Working Papers

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

April 15, 2024

Hoe Ee Khor, Pim-orn Wacharaprapapong, Runchana Pongsaparn

This paper sheds light on pandemic-related central bank balance sheet tools and ensuing normalization, with a particular focus on ASEAN-4 economies.

Videos

Spotlight on Indonesia: Sustaining Stability and Strengthening Recovery

April 3, 2024

Watch the highlights of AMRO’s 2023 Annual Consultation Report on Indonesia.

Press Releases

Indonesia: Sustaining Stability and Strengthening Recovery

April 2, 2024

The Indonesian economy expanded by 5.0 percent in 2023 and is projected to strengthen to 5.2 percent in 2024.

Annual Consultation Reports

AMRO’s 2023 Annual Consultation Report on Indonesia

April 2, 2024

Akifumi Fujii, Chunyu Yang, Nguyen Thi Kim Cuc, Somphone Changdabout, Sumio Ishikawa, Thai Yangsingkham

Indonesia’s economy continued to perform robustly, led by resilient domestic consumption and strengthening investment.

Press Releases

Indonesia: Maintaining Policy Synergy Key to Stability and Sustaining Economic Recovery

December 26, 2023

Indonesia’s economic growth continued to perform robustly, led by resilient domestic consumption and strengthening investment.

Blogs

Indonesia’s Pension System: Timely Reforms Needed

July 28, 2023

Nguyen Thi Kim Cuc, Phiengphathai Maniphone

Indonesia’s mandatory pension system is modest in coverage and size, compared with fellow economies in the ASEAN+3 region. Timely actions on pension reforms are urgently needed.

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