Presentation: ASEAN+3 Regional Economic Outlook 2024: Navigating Tomorrow
Download presentation by AMRO Chief Economist Hoe Ee Khor on the ASEAN+3 Regional Economic Outlook 2024.
Download presentation by AMRO Chief Economist Hoe Ee Khor on the ASEAN+3 Regional Economic Outlook 2024.
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This note shows that an economy needs to retain more GVC stages to support the development of domestic firms and increase domestic value-added, and that it should move toward more upstream positions in GVCs to capture a larger share of value-added.
This note aims to disentangle the supply and demand factors underpinning the dynamics of core inflation in the region in the recent period.
Large shifts in domestic holdings of government debt can also cause instability in financial markets. Domestic banks worldwide have been accumulating government debt, a trend that intensified during the COVID-19 pandemic.
Over the past decade, the ASEAN+3 region has achieved a remarkable pace of economic development. The region has emerged as the biggest driver of global growth and continues to remain relatively resilient amid continuing global headwinds.
Public debt-to-GDP ratio in the ASEAN+3 region has risen sharply during the COVID-19 pandemic.
The global tax reform, scheduled for implementation in 2024, aims to reduce tax competition between countries and discourage multinational enterprises (MNEs) from engaging in profit shifting for tax avoidance.
China’s manufacturing landscape is undergoing a major transformation, driven by rising wages, more stringent environmental regulations, a wider adoption of digital technology and opportunities in overseas markets.