We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 22nd meeting in Nadi, Fiji under the co-chairmanship of H.E. Apisak Tantivorawong, Minister of Finance of Thailand, and H.E. Liu Kun, Minister of Finance of China.
Watch this two-minute video to discover the macroeconomic prospects for the ASEAN+3 region and baseline risks that can affect the regional growth. The video also presents policy recommendations to policymakers to manage risks while maintaining financial stability.
Presentation on the Building Capacity and Connectivity for the New Economy in East Asia.
Presentation on the ASEAN+3 Regional Economic Outlook 2019.
ASEAN+3 economies, after two decades of prospering with the “manufacturing-for-exports” strategy, should now focus on building capacity and connectivity to leverage on the Fourth Industrial Revolution in order to sustain growth in the new economy.
“Building Capacity and Connectivity for the New Economy in East Asia” Seminar Nadi, Fiji 1 May 2019 (As prepared for delivery) Distinguished guests, panellists, colleagues, ladies and gentlemen 1. Good…
Watch this two-minute video to learn how the ASEAN+3 region can prepare for the new economy and tackle the multiple challenges related to strengthening their collective development capacity and cross-border connectivity.
The region should leverage on complementarities, embrace technology, and strengthen multilateralism and regional integration.
The ASEAN+3 region remains resilient, anchored by sustained domestic demand. Regional growth is expected to moderate slightly to 5.1 percent this year, and 5.0 in 2020, reflecting mostly the drag from exports, given the cyclical slowdown in the tech/capex cycle and lingering uncertainties from the U.S.-China trade negotiations.
