In the January 2024 update of the AREO, AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region.
In the October 2023 update of the AREO, AMRO forecasts that the ASEAN+3 region will grow by 4.3 percent in 2023, down from July’s projection of 4.6 percent.
In the July 2023 update of the AREO, AMRO projects the ASEAN+3 region to grow by 4.6 percent in 2023 and 4.5 percent in 2024.
AMRO forecasts growth in ASEAN+3 at 4.6 percent this year and 4.5 percent in 2024, with growth for ASEAN at 4.9 percent and 5.2 percent, respectively. The report's thematic chapter focuses on climate change mitigation and transitioning to net zero, and the implications for the long-term macroeconomic and financial development of the ASEAN+3 region as a whole.
In this January 2023 quarterly update, AMRO revised downwards its short-term growth forecast for the ASEAN+3 region. Deteriorating global economic conditions are weighing on the region’s outlook, but China’s reopening…
In this October 2022 quarterly update, AMRO revised downwards its short-term growth forecast for the ASEAN+3 region.
In this July 2022 quarterly update, AMRO shaves down its short-term growth forecast for the ASEAN+3 region to reflect the impact of the recent COVID-19 outbreak in China and stronger headwinds arising from the war in Ukraine and tighter global financial conditions.
The sixth issue of the ASEAN+3 Regional Economic Outlook (AREO 2022) provides AMRO staff’s comprehensive assessment of conjunctural and structural issues in the 10 members of the Association of Southeast Asian Nations (ASEAN) and China; Hong Kong, China; Japan; and Korea.
AMRO’s baseline 2022 GDP growth forecast for the ASEAN+3 region assumes continued improvement in the global economy, but at a slower pace due to the Omicron variant.
The realization of downside risks in the form of disruptions caused by the COVID-19 Delta variant, has resulted in downward revisions to AMRO staff’s ASEAN+3 growth forecasts for this year.