AMRO Maintains ASEAN+3’s 2024 Growth Forecast, Warns on Inflation

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, due mainly to the weaker-than-expected growth in China in the second quarter. The region is expected to expand by 4.5 percent in 2024, as the impact of China’s policy support measures to boost domestic demand materializes more fully.