ASEAN+3 Growth Momentum Steady on Export Recovery, Solid Domestic Demand

In the July 2024 update of the AREO, AMRO has kept its 2024–25 growth forecasts for the ASEAN+3 region broadly unchanged at 4.4 percent and 4.3 percent, respectively. Favorable export prospects should boost the region’s growth momentum, alongside firm domestic demand and the continued recovery in tourism.

The July 2024 Update also comes with the release of the Regional Economy Dashboard (RED).