ASEAN+3 Fiscal Policy Report 2024: Transitioning to Fiscal Normality
This policy perspective paper assesses the recent fiscal developments and outlook in ASEAN+3 member economies.
This policy perspective paper assesses the recent fiscal developments and outlook in ASEAN+3 member economies.
The theme of the 2024 edition of the Joint RFA Research Seminar is Safeguarding stability in a more fragmented world: global and regional perspectives on challenges and policy implications. Register now.
In pursuit of sustainable economic growth, the Hong Kong government has taken significant steps to enhance the city’s climate resilience and accelerate its efforts to achieve the net-zero carbon emission objective by 2050 through various strategies.
Using the IMF-University of Oxford University PortWatch spillover simulator to analyze the impact of the Baltimore accident on ASEAN+3 trade, the note shows that immediate, direct repercussions for the ASEAN+3 region are small, as is the impact on its network of supply chains.
Watch the replay of the ASEAN+3 Regional Economic Outlook 2024 launch.
Watch the highlights of the ASEAN+3 Regional Economic Outlook 2024 thematic chapter, Navigating Tomorrow.
Watch the highlights of the ASEAN+3 Regional Economic Outlook 2024.
The ASEAN+3 region remained resilient in a challenging global landscape in 2023.
While the ASEAN+3 region will remain a major driver of global growth in the next decade, it also faces a multitude of structural challenges. Three secular trends—aging, global trade reconfiguration, and rapid technological change—are affecting the region in complex ways that make its long-term growth trajectory less certain.
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.