China’s economy should recover steadily in 2024, supported by well-calibrated and targeted monetary, financial, and fiscal policies.
AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region in its January quarterly update.
Korea’s near-term growth outlook is expected to continue improving, reflecting the upturn in manufacturing exports, especially semiconductors.
Indonesia’s economic growth continued to perform robustly, led by resilient domestic consumption and strengthening investment.
Cambodia’s economy is projected to grow by 5.3 percent in 2023 and 6.2 percent in 2024, continuing its gradual recovery.
Brunei’s economic recovery is underway with the non-oil & gas sector continuing to show positive performance driven by the services sector, reflecting robust activities in the finance and transport subsectors.
The AFSR 2023—AMRO’s second flagship report—is the ASEAN+3 region’s pioneering financial stability report.
In an era marked by global challenges, AMRO is holding the second ASEAN+3 Economic Cooperation and Financial Stability Forum (AMRO Forum).
The Philippines’ economic recovery is expected to remain robust amid high inflation and weaker external demand.
The Japanese economy is projected to grow by 1.9 percent in 2023 and 1.1 percent in 2024.