Cambodia’s economy continues to recover solidly on the back of a strong rebound in the services sectors.
The Hong Kong economy is poised to rebound strongly this year, before moderating towards trend growth next year.
The Philippine economy maintained its robust growth momentum in the first half of 2023, following a multi-decade high growth rate of 7.6 percent in 2022.
Malaysia’s growth momentum is expected to be sustained this year by resilient domestic demand and stronger tourism recovery amid the global slowdown.
The ASEAN+3 Macroeconomic Research Office (AMRO) today unveiled its new website, as part of its efforts to implement the Strategic Direction 2030, promising greater access to its research and analysis to foster macroeconomic and financial resilience and stability in the ASEAN+3 region.
The Thai economy is recovering robustly on the back of resilient domestic demand and a sustained rebound in tourist arrivals. Inflation, which spiked up sharply in 2022, has declined rapidly this year.
The ASEAN+3 Macroeconomic Research Office (AMRO) maintained its short-term growth forecast for the ASEAN+3 region in its July quarterly update of the 2023 ASEAN+3 Regional Economic Outlook (AREO).
Economic activities in Brunei Darussalam have picked up since mid-2022. Thanks to high vaccination rates, daily new cases of COVID-19 have declined sharply since April 2022, enabling containment measures and border restrictions to be lifted.
The Lao PDR’s economy is expected to maintain its recovery from the COVID-19 pandemic in 2023. However, currency depreciation and surging inflation are challenges to sustaining the economic recovery.
Singapore’s economic growth is expected to moderate to around 1.3 percent in 2023, led by resilient domestic consumption and continued growth in inbound tourism.