How does AMRO conduct macroeconomic surveillance?

AMRO regularly monitors the economic and financial developments and policies of member economies through annual consultation visits and discussions with local authorities and policymakers. AMRO has also developed toolkits for analyzing economic, trade and financial market data.

The objective of this ‘surveillance’ is to identify risks to economic growth and stability—with a focus on the balance of payments and the financial sector—and prescribe policies to address those risks.

AMRO’s surveillance comprises interconnected areas of work:

Country Surveillance

AMRO’s country surveillance comprises two major functions:

• Monitoring, assessing, and reporting to members on their macroeconomic status and soundness; and
• Identifying macroeconomic and financial risks and vulnerabilities and assisting members in the timely formulation of policy recommendations to mitigate such risks.

Regional and Sectoral Surveillance

Regional surveillance identifies the broader global and regional trends that may have spillover effects on the ASEAN+3 region, and on specific sectors. This feeds into AMRO’s annual flagship report, the ASEAN+3 Regional Economic Outlook (AREO).

Thematic Studies and Research

AMRO economists also conduct in depth studies, which are related to structural issues specific to each economy, and address challenges that member economies may face.